Pinetree Capital Ltd. Acquires Securities Of Auryx Gold Corp.
TORONTO, Canada (July 5, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on June 25, 2010, pursuant to the qualifying transaction of Tova Ventures Inc., it holds 9,266,938 common shares (“Common Shares”) of Auryx Gold Corp. (“Auryx”), representing approximately 6.7% of the total issued and outstanding common shares of Auryx as of June 25, 2010. As a result of this transaction, Pinetree and its joint actors collectively held, as at June 25, 2010, an aggregate of 16,336,938 common shares of Auryx, including the Common Shares. Of these totals, Pinetree owns only the Common Shares directly. The holdings of Pinetree and its joint actors represents a total of 16,670,407 common shares of Auryx, or approximately 11.7% of all issued and outstanding common shares as at June 25, 2010.
These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Auryx depending on market conditions or any other relevant factor.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.comInvestor Relations:
Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com
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