Pinetree Capital Announces Listing Of Warrants
February 22, 2008
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Ontario (February 22, 2008) – Pinetree Capital Ltd. (TSX: PNP) announces that the Company’s common share purchase warrants, which were issued as part of its private placement that closed on October 23, 2007, will be listed on the Toronto Stock Exchange commencing at the opening of trading on February 25, 2008 and will trade under the symbol “PNP.WT.A”.
An aggregate of 6,875,000 warrants will be listed, each warrant entitling the holder to purchase one common share of Pinetree at a price of $6.50 per share until expiry on October 23, 2012.
Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is 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, Molybdenum, Precious Metals and Base Metals. Pinetree’s investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com