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Company engaged in the acquisition, exploration and development of petroleum properties located in Western Canada.

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Message: Pemberton engages services of Paladin Capital Markets Inc. to raise funds

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Pemberton engages services of Paladin Capital Markets Inc. to raise funds

posted on Jun 26, 08 05:00AM

CALGARY, June 26 /PRNewswire-FirstCall/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd is pleased to announce that it has engaged Paladin Capital Markets Inc as an agent for a private placement of treasury units to fund its upcoming exploration programs. The offering terms are under negotiation and will include common and flow-through units at a price to be determined and will be made by the agent on a best efforts basis. The agent has been granted a 15% over-allotment option and will be paid a cash commission of 10% and broker warrants, exercisable for two years, to acquire units equal to 10% of the number of units and flow-through units sold. Subject to regulatory approval, the transaction is scheduled to close on or about August 15, 2008.

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.

    On Behalf of Pemberton Energy Ltd.
                  
                      Ms. 'Miroslava Antonuk'
                  
                      ----------------------------
                      Miroslava Antonuk, Director
                  
                      TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
                      HEREIN

CONTACT: please contact the Company at (604) 269-9801 or info@pembertonenergy.ca

SOURCE Pemberton Energy Ltd.

Source: PR Newswire (June 26, 2008 - 12:01 AM EDT)

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