Pinetree Capital Ltd. Acquires Securities Of Masuparia Gold Corporation
March 24, 2008
TORONTO, Ontario (March 24, 2008) – Pinetree Capital Ltd. (TSX: PNP), announces that on March 5, 2008 it acquired ownership of 1,000,000 common shares (“Common Shares”) of Masuparia Gold Corporation “”Masuparia”) and 1,000,000 common share purchase warrants (the “Warrants”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.35 until March 4, 2009. In the event that the Warrants are fully exercised, these holdings represent approximately 13.0% of the total issued and outstanding common shares of Masuparia as of March 5, 2008, calculated on a partially diluted basis assuming the exercise of the Warrants only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Masuparia depending on market conditions or any other relevant factor.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree’s results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements.
|©Copyright 2012 Pinetree Capital Ltd.|