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Pembroke Capital Corp. Provides Update on Proposed Qualifying Transaction
Vancouver, British Columbia --(September 7, 2011) - Pembroke Capital Corp. (TSX-V: PBK.P) (...
About this update from Centerra Gold Inc.
[{"type":"text","content":"\nPembroke Capital Corp. Provides Update on Proposed Qualifying Transaction\n\nVancouver, British Columbia --(September 7, 2011) - Pembroke Capital Corp. (TSX-V: PBK.P) (\"Pembroke\" or the \"Company\"), a capital pool company, is pleased to announce that it has entered into a definitive share exchange agreement (the \"Share Exchange Agreement\") in respect of its previously announced acquisition of all the issued and outstanding shares of Minfocus International Inc. (\"Minfocus\") which proposed transaction (the \"Proposed Transaction\") is intended to constitute the Company's \"qualifying transaction\" under the policies of the TSX Venture Exchange (the \"TSX-V\"). The Share Exchange Agreement and the Proposed Transaction remain subject to the approval of the TSX-V and are described in greater detail below. \nOn June 6, 2011, the Company entered into a letter of intent with Minfocus with respect to the Proposed Transaction (the \"Letter of Intent\"). The Letter of Intent was amended on August 25, 2011 to provide for an increase in the number of common shares of Pembroke (\"Pembroke Shares\") issuable to Minfocus under the Proposed Transaction. Trading of Pembroke's Shares on the TSX-V was halted on June 9, 2011 in connection with the announcement of the Proposed Transaction and trading of the Pembroke Shares may not resume until completion of the Proposed Transaction. \nAbout Minfocus \nMinfocus, a private corporation incorporated pursuant to the Business Corporations Act (Canada), is a mining exploration stage company principally engaged in the business of exploring and developing base (copper, nickel) and platinum-group element (PGE) metal mineral properties. Minfocus currently holds an interest in several properties in the Thunder Bay Mining Division of Northwestern Ontario, including the Nipigon Reefs Property and Weese-Luella Lake Property (the \"Properties\"), each of which have a recent 43-101 report recommending phased work programs of $1,191,000 and $1,360,000, respectively. The 43-101 reports were prepared by Mr. David Burga, P.Geo. The Qualified Person who has reviewed the technical content contained in this release is Dr. Gerald Harper, P.Geo.(Ont).\nThe Nipigon Reefs Property is located approximately 80 kilometers north-northeast of Thunder Bay and is accessible by road. The overall property covers 1,161 clai...