Pinetree Capital Ltd. Acquires Securities Of Western Troy Capital Resources Inc.
April 13, 2009
TORONTO, Ontario –
As a result of this transaction, Pinetree held, as at April 13, 2009, an aggregate of 7,375,333 common shares of Western Troy, including the Common Shares and rights to acquire an additional 1,666,667 common shares of Western Troy upon the exercise of convertible securities (collectively, the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 9,042,000 common shares of Western Troy, or approximately 43.5% of all issued and outstanding common shares as at April 13, 2009, 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
Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com