Pinetree Capital Ltd. Acquires Securities Of East Asia Minerals Corp.
May 15, 2007
TORONTO, Ontario (May 15, 2007) – Pinetree Capital Ltd. (TSX: PNP), a Canadian investment company, announces that, through a series of transactions ending on May 14, 2007, it acquired ownership of 511,400 common shares (“Common Shares”) of East Asia Minerals Corp. (“East Asia”) through the facilities of the TSX Venture Exchange representing approximately 1.2% of the total issued and outstanding common shares of East Asia as of May 14, 2007. As a result of these transactions, Pinetree holds an aggregate of 4,700,000 common shares of East Asia and rights to acquire an additional 75,000 common shares of East Asia upon the exercise of convertible securities (collectively, the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, Pinetree’s direct holdings would represent approximately 11.0% of all issued and outstanding common shares of
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in
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
This news release contains forward-looking statements within the meaning of the “safe harbour” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree’s results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements.
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