Pinetree Capital Ltd. Announces Closing Of Private Placement
April 16, 2007
The units were sold through a syndicate of agents, led by Genuity Capital Markets and including Westwind Partners Inc., Canaccord Capital Corporation and Kingsdale Capital Markets Inc. As consideration for their services under the private placement, the agents received a cash commission of $6,671,500 and compensation options exercisable for up to 550,000 Common Shares at a price of $12.13 per share until expiry on April 16, 2009.
The number of securities sold under the private placement, the number of compensation options issued to the agents, the purchase price of the units and the exercise prices of the warrants and the compensation options have all been adjusted to reflect the two-for-one stock split effected by the Company by way of a stock dividend which was paid on April 13, 2007.
Pinetree intends to use the proceeds of the private placement for its future investment activities, to repay certain indebtedness and for general corporate purposes.
Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.
Investor Relations Contact for Pinetree Capital Ltd.:
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
Toronto, Ontario, Canada, M5X 1A9
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