 |
 |
NEWS RELEASE Pemberton to debt settle up to 100,000.00 May 31, 2007 Calgary, Alberta, (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. wishes to announce that it is in the process of settling of up to $100,000 of its outstanding debt for shares at $0.40 per unit. Each unit shall consist of one share and one two year warrant to acquire one common share entitling the holder to purchase an additional share at $0.60 in the first year and at $0.70 if purchased in the second year. This debt settlement is subject to TSX approval. Pemberton Energy Ltd’s principal business is the acquisition, exploration and development of petroleum properties. The company continues to focus on its primary corporate objective: the creation of value for shareholders by identifying oil and gas accumulations with relatively low geological risk but with substantial reserve potential. For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca On Behalf of Pemberton Energy Ltd. “Miroslava Antonuk”
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS HEREIN
|
|
|
|
|
 |
|