![]() |
|
|||||||||||||||||||
![]() |
Investors
|
News ReleasesPinetree Capital Ltd. Acquires Securities Of Silver Quest Resources Ltd.April 7, 2008 TORONTO, Ontario (April 7, 2008) – Pinetree Capital Ltd. (TSX: PNP), announces that on April 2, 2008, it acquired ownership of 2,500,000 common shares (“Common Shares”) of Silver Quest Resources Ltd. (“Silver Quest”) and 1,250,000 common share purchase warrants (the “Warrants”). Each Warrant entitles the holder thereof to acquire one additional common share until October 2, 2009, at a price of $0.30. In the event that the Warrants are fully exercised, these holdings represent approximately 10.9% of the total issued and outstanding common shares of Silver Quest as of April 2, 2008, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors held, as at April 2, 2008, an aggregate of 3,750,000 common shares of Silver Quest, including the Common Shares, and convertible securities exercisable into 2,189,750 common shares of Silver Quest (the “Convertible Securities”), including the Warrants. Of these totals, Pinetree directly holds the entire 3,750,000 common shares and the Warrants directly. If Pinetree and its joint actors were to exercise all of the Convertible Securities, their combined ownership would represent a total of 5,939,750 common shares of Silver Quest or approximately 16.7% of such shares outstanding as of April 2, 2008, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. If Pinetree were to exercise all of the Warrants, its direct ownership would represent a total of 5,000,000 common shares of Silver Quest, or approximately 14.5% of such shares outstanding as of April 2, 2008, calculated on a partially diluted basis assuming the exercise of the Warrants only. These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Silver Quest 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: |
||||||||||||||||||
![]() |
©Copyright 2012 Pinetree Capital Ltd. | ![]() |