It looks like this is what was needed to get moving!!!!
CPT Pemberton arranges $150,000 convertible debenture
CPT Pemberton Technologies Ltd
PBT
Shares issued 4,086,823
1999-04-28 close $0.48
Wednesday Apr 28 1999
Mr. Bob Burton reports
The company has entered into agreements for the issuance of convertible
debentures with a value of $150,000. The debentures will have a two year term
and carry interest at 12 per cent per year, not compounded. The debentures may
be converted during the first year into units at 36 cents per unit and during the
second year at 41 cents per unit. Each unit shall consist of one share and one
warrant to purchase an additional share, expiring on April 28, 2001, at 36 cents if
exercised on or before April 28, 2000, and 41 cents per share if exercised after
April 28, 2000, but on or before April 28, 2001. The company intends to use the
proceeds for the development of the Enchant oil project and in particular, to install
battery and storage facilities and to bring the first well into production.
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