Pinetree Capital Announces Share Issuances
July 31, 2014
TORONTO, Canada (July 31, 2014) Pinetree Capital Ltd. (TSX: PNP) announces that it has issued an aggregate of 6,666,667 common shares as consideration for a $3 million investment in securities of Kerr Mines Inc. completed today. Together with common shares issued by Pinetree as consideration for a $1 million investment in securities of Latin American Minerals Inc., which was completed earlier this month, the company has issued an aggregate of 8,666,667 common shares in exchange for investments in July, at an average price of $0.46 per share, representing approximately 4.5% of the total number of common shares of the company outstanding prior to the investments. Both transactions were made in the normal course of Pinetree’s investing activities.
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 following sectors: Precious Metals, Uranium and Technology. 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.
|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 2500|
|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|