Pinetree Capital Ltd. Acquires Securities Of Enerdynamic Hybrid Technologies Corp.
September 9, 2014
TORONTO, Canada (September 9, 2014) Pinetree Capital Ltd. (TSX: PNP), announces that on September 5, 2014, as a result of the completion of a reverse take-over of Enerdynamic Hybrid Technologies Inc. by MCM Capital One Inc., it holds 3,500,000 common shares (the “Common Shares”) and 3,500,000 common share purchase warrants (the “Warrants”) of Enerdynamic Hybrid Technologies Corp. (“Enerdynamic”) representing approximately 11.3% of the issued and outstanding common shares of Enerdynamic, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as of September 5, 2014, an aggregate of 4,500,000 common shares of Enerdynamic, including the Common Shares, and rights to acquire an additional 4,500,000 common shares of Enerdynamic upon the exercise of convertible securities, including the Warrants (the “Convertible Securities”). Of these totals, Pinetree owns only the Common Shares and Warrants. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 9,000,000 common shares of Enerdynamic, or approximately 14.3% of all issued and outstanding common shares as at September 5, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree and its joint actors could increase or decrease their investment in Enerdynamic 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 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, Corporate and Legal 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: firstname.lastname@example.org|
|Phone: 416-643-3884||Website: www.pinetreecapital.com|