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Pinetree Capital Announces Completion Of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Canada (May 28, 2014) Pinetree Capital Ltd. (TSX: PNP) announces the closing today of the remaining portion of its non-brokered private placement (the “Financing”), pursuant to which the company raised an additional $2,000,000 in gross proceeds from the issuance and sale of 4,444,444 units, at a price of $0.45 per unit.  In total, Pinetree raised total gross proceeds of $10,500,000 under the Financing from the issuance and sale of an aggregate of 23,333,333 units.

Each Unit was comprised of one common share and one-half of one common share purchase warrant of Pinetree. Each whole warrant entitles the holder to purchase one common share of the company, at a price of $0.75, until expiry on May 26 2017, provided that, if the weighted-average trading price of the company’s common shares on the Toronto Stock Exchange is $1.25 or more for any period of twenty consecutive trading days commencing after September 26, 2014, Pinetree may accelerate the expiry date of the warrants upon at least 30 days’ notice to the holders.

The proceeds of the Financing will be used for working capital purposes, which may include the purchase for cancellation of a portion of the company’s outstanding convertible debentures.

Officers and directors of Pinetree (and their associates) purchased an aggregate of 3,933,333 units under the Financing, representing approximately 17% of the total number of units sold under the Financing.

Pinetree paid finders’ fees in the form of an aggregate of 1,331,557 units to third parties who assisted the company in the Financing, including 355,556 units which were issued in connection with today’s closing.  The units have the same terms and conditions as the units sold in the Financing.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Pinetree
Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange (“TSX”) under the symbol “PNP”.  Pinetree is a diversified investment and merchant banking firm focused on the small cap market.  Pinetree’s investments are primarily in the following sectors: Precious Metals, Uranium and Technology.  Pinetree’s investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities.  Pinetree is recognized as a value added partner.

  Investor Relations:
Sheldon Inwentash, CPA, CA. Richard Patricio, LL.B.
Chairman & CEO Vice President, Legal and Corporate Affairs
Pinetree Capital Ltd. Pinetree Capital Ltd.
  130 King Street West, Suite 2500
Gerry Feldman, CPA, CA. Toronto, Ontario, Canada, M5X 2A2
CFO & Vice President, Corporate Development Phone: 416-941-9600
Pinetree Capital Ltd. Email: ir@pinetreecapital.com
Phone: 416-643-3884 Website: www.pinetreecapital.com
Email: feldman@pinetreecapital.com  
©Copyright 2012 Pinetree Capital Ltd.