They have a bunch of warrants, the exercise date alludes me at the moment, can't find the dates!
http://www.pebcreek.com/pr_122007.pdf
"Vancouver, British Columbia – December 20, 2007 – Pebble Creek Mining Ltd. (“Pebble Creek” or the “Company”) is pleased to announce that it has completed a non-brokered private placement (the “Private Placement”) of 5,270,000 Units at $0.40 per Unit for gross proceeds of $2,108,000. Each Unit was comprised of (a) one common share of the Company; (b) one-half of one Series A common share purchase warrant (an “A Warrant”); and (c) onehalf of one Series B common share purchase warrant (a “B Warrant”) (the A Warrants and the B Warrants are collectively referred to as the “Warrants”). Each whole A Warrant is exercisable for one common share of the Company for a period of two years at a price of $0.75. If the closing trading price of the Company’s common shares on the TSX Venture Exchange is $1.50 per share or higher for any 20 consecutive trading days during the term of the A Warrants, the Company may elect to provide notice of acceleration of the exercise term to holders of the A Warrants and the A Warrants will then expire thirty days after such notice is given. Each whole B Warrant is exercisable for one common share of the Company for a period of two years at a price of $1.50. Of the total Units sold under the Private Placement, 5,000,000 Units were purchased by India Resources Limited (“India Resources”), representing approximately 17% of the issued and outstanding common shares of the Company (or 29% of the issued and outstanding common shares assuming the full exercise by India Resources of all Warrants comprising the Units it has purchased)."
ALSO http://www.pebcreek.com/pr_031808.pdf
"A Special General Meeting of the shareholders of Pebble Creek was also held on March 13, 2008. The purpose was to seek shareholder approval for the issuance of shares to IRL, pursuant to the exercise of A Warrants and B warrants of Pebble Creek, which could result in IRL holding more than 20 per cent of Pebble Creek, a deemed “change of control”. IRL holds 17.1 per cent of the 29,171,219 issued shares of Pebble Creek. Upon exercise of all its 5 million warrants, IRL could hold as much as 29.3 per cent. The shareholders granted their approval."
IRL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held