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Investors
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2010Pinetree Capital Ltd. Acquires Securities Of Mega Precious Metals Inc.December 14, 2010 TORONTO, Canada (December 14, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on December 14, 2010, as a result of the acquisition of Rolling Rock Resources Corporation (“Rolling Rock”) by Mega Precious Metals Inc. (“Mega Precious”), it acquired ownership of 3,630,600 common shares (“Common Shares”) and 600,000 common share purchase warrants (the “Warrants”) of Mega Precious. Each Warrant entitles the holder to acquire one common share of Mega Precious at a price of $0.75 until February 25, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 6.9% of the total issued and outstanding common shares of Mega Precious as of December 14, 2010, 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 at December 14, 2010, an aggregate of 12,271,395 common shares of Mega Precious, including the Common Shares, and the Warrants. Of these totals, Pinetree owns 10,130,600 common shares, including the Common Shares, and the Warrants directly. In the event that the Warrants are fully exercised, the holdings of Pinetree and its joint actors represents a total of 12,871,395 common shares of Mega Precious, or approximately 20.9% of all issued and outstanding common shares as at December 14, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. In the event that the Warrants are fully exercised, the direct holdings of Pinetree represents a total of 10,730,600 common shares of Mega Precious, or approximately 17.4% of all issued and outstanding common shares as at December 14, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Mega Precious depending on market conditions or any other relevant factor.
About Pinetree For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
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