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Latest News Releases Pinetree Capital Ltd.
TSX: PNP
Apr 07, 2010 10:41 ETPinetree Capital Ltd. Acquires Securities of Bear Lake Gold Ltd.
TORONTO, ONTARIO--(Marketwire - April 7, 2010) - Pinetree Capital Ltd. (TSX:PNP), announces that through a series of transactions ending on April 5, 2010, Pinetree acquired ownership of 1,939,000 common shares ("Common Shares") of Bear Lake Gold Ltd. ("Bear Lake") through the facilities of the TSX Venture Exchange representing approximately 2.2% of the total issued and outstanding common shares of Bear Lake as of April 5, 2010. As a result of this transaction, Pinetree held, as at April 5, 2010, an aggregate of 11,295,000 common shares of Bear Lake, including the Common Shares, and rights to acquire an additional 1,750,000 common shares of Bear Lake upon the exercise of convertible securities (collectively, the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represent a total of 13,045,000 common shares of Bear Lake, or approximately 14.2% of all issued and outstanding common shares as at April 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Bear Lake depending on market conditions or any other relevant factor.
About Pinetree
Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths. Pinetree's investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.
For more information, please contact
Investor Relations: Pinetree Capital Ltd. Larry Goldberg, C.A. Executive Vice President and Chief Financial Officer 416-941-9600 ir@pinetreecapital.com www.pinetreecapital.com Click here to see all recent news from this company Privacy Statement | Sitemap |© 2010 Marketwire, Incorporated. All rights reserved. Your newswire of choice for expert news release distribution. 1-800-774-9473 (US) | 1-888-299-0338 (Canada) | +44-20-7562-6550 (UK) |