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Gold/Mining/Energy : Pemberton Energy (V.PBT)
PBT 18.43+2.0%Oct 30 5:00 PM EST
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To: Sieg who wrote (28)8/26/1999 8:00:00 PM
From: David Parkinson  Read Replies (1) of 38
 
Here we go Seig. Finally a PR which should get us into the producing league.

CPT Pemberton undertakes 1.4-million share offering

CPT Pemberton Technologies Ltd PBT
Shares issued 4,086,823 Aug 26 close $0.70
Thu 26 Aug 99 News Release
Mr. Bob Burton reports
The company has entered into an agency agreement, dated Aug. 26, 1999, with
Canaccord Capital Corporation wherein Canaccord has agreed to use its best
efforts to undertake a short form offering of 1.4 million flow-through
shares of the company at a price of 70 cents per share to raise maximum
offering proceeds of $980,000. The short form offering is subject to a
minimum of $326,667 being raised.
In consideration for the services to be provided by the agent, the company
has agreed to pay a $5,000 plus GST corporate finance fee as well as a cash
commission equal to 8 per cent of the gross proceeds of the sale of the
flow-through shares. The company also agreed to issue non-flow-through
share purchase warrants to the agent entitling the agent to purchase up to
350,000 non-flow-through common shares of the company for a 16-month period
at 70 cents per share in the first 12 months and 74 cents during the last
four months.
The company intends to use the proceeds of the offering to further develop
its Enchant property through a three-well drill program. The company
intends to complete this program before year-end.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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