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Investors
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News ReleasesPinetree Capital Ltd. Acquires Securities Of Rolling Rock Resources Corp.TORONTO, Canada (March 3, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on February 26, 2010, it acquired ownership of 1,500,000 common shares (“Common Shares”) and 1,500,000 common share purchase warrants (the “Warrants”) of Rolling Rock Resources Corp. (“Rolling Rock”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.30 until February 25, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 5.6% of the total issued and outstanding common shares of Rolling Rock as of February 26, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at February 26, 2010, an aggregate of 6,000,000 common shares of Rolling Rock, including the Common Shares, and the Warrants. In the event that the Warrants are fully exercised, the holdings of Pinetree represents a total of 7,500,000 common shares of Rolling Rock, or approximately 13.9% of all issued and outstanding common shares as at February 26, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Rolling Rock 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 Investor Relations: |
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