Pinetree Capital Ltd. Acquires Securities Of Sendero Mining Corp.
July 11, 2013
TORONTO, Canada (July 11, 2013) Pinetree Capital Ltd. (TSX: PNP), announces that on July 10, 2013, through a business combination between Sendero Mining Corp. (“Sendero”) and Halo Resources Ltd., it acquired ownership of 2,275,524 common shares (the “Common Shares”) of Sendero and 2,275,524 common share purchase warrants (the “Warrants”) (each warrant entitling the holder to acquire one additional Common Share at a price per common share of $0.40 until July 10, 2014). In the event that the Warrants are fully exercised, these holdings represent approximately 11.4% of the total issued and outstanding common shares of Sendero as of July 10, 2013.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Sendero depending on market conditions or any other relevant factor.
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 venture capital firm focused on the small cap market. Pinetree’s investments are primarily in the resources sector: Precious Metals, Base Metals, Oil and Gas, Potash, Lithium and Rare Earths, Uranium and Coal. 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. Pinetree is recognized as a value-added partner in the resource industry.
|Sheldon Inwentash, CPA, CA.||Richard Patricio, LL.B.|
|Chairman & CEO||Vice President, Legal and Corporate Affairs|
|Pinetree Capital Ltd.||Pinetree Capital Ltd.|
|130 King Street West, Suite 250|
|Gerry Feldman, CPA, CA.||Toronto, Ontario, Canada, M5X 2A2|
|CFO & Vice President, Corporate Development||Phone: 416-941-9600|
|Pinetree Capital Ltd.||Email: email@example.com|
|Phone: 416-643-3884||Website: www.pinetreecapital.com|