Pinetree was incorporated under the laws of the Province of Ontario and its shares are publicly traded on the Toronto Stock Exchange (the "TSX") under the symbol "PNP". Pinetree is a diversified investment, financial advisory and merchant banking firm focused on the small-cap market. Pinetree's investments are primarily in the following resource sectors: Uranium, Oil & Gas, Molybdenum, Precious Metals, Potash and Rare Earths, and Base Metals. As well, Pinetree has investments in the Biotechnology, Energy Related Technology, and Technology sectors.

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.
List Of Our Current Investees By Sector as at September 30, 2008
     

Resources-Uranium
Cline Mining Corp. (CMK:TSX)

12,850,000 common shares

Dynamite Resources Ltd. (DNR:TSXV)

11,424,500 common shares
5,500,000 warrants expire Aug 17, 2009
Mega Uranium Ltd. (MGA:TSX)

9,999,920 common shares

110,000 warrants expire Apr 14, 2009

54,200 warrants expire Feb 13, 2012

896,712 warrants expire Feb 22, 2012
Pele Mountain Resources Inc. (GEM:TSXV)

7,000,000 common shares
1,000,000 warrants expire Feb 22, 2010
Resource Generation Limited (formerly Comdek Ltd.) (FDS:AX)

15,500,000 common shares  
Rockgate Capital Corp. (RGT:TSXV)

3,812,700 common shares

500,000 warrants expire Apr 24, 2009

500,000 warrants expire Mar 27, 2010
Trigon Uranium Corp. (TEL:TSXV)

7,100,000 common shares

312,500 warrants expire Dec 12, 2008

500,000 warrants expire Aug 8, 2009
Resources - Oil & Gas
Brownstone Ventures Inc. (BWN:TSXV)

3,489,500 common shares

Canadian Spirit Resources Inc. (SPI: TSXV)

1,650,000 common shares
500,000 warrants expire Feb 19, 2010
Changfeng Energy Inc. (CFY: TSXV)

3,350,000 common shares

Petro One Corp. (POV: CDNX)

2,000,000 common shares

1,500,000 warrants expire Aug 1, 2009

1,500,000 warrants expire Feb 12, 2010

1,000,000 warrants expire Jul 8, 2010
Red Maple Energy Inc. (private)

5,400,000 common shares

Vulcan Minerals Inc. (VUL:TSXV)

3,150,000 common shares
Resources - Precious Metals
Caledonia Mining Corp. (CAL:TSX)  

27,866,000 common shares

Colossus Minerals Inc. (CSI: TSX)  

2,837,500 common shares

450,000 warrants expire Feb 13, 2010

475,000 warrants expire Feb 13, 2011

1,000,000 warrants expire Dec 6, 2011
Cypress Development Corp. (CYP:TSXV)  

5,488,500 common shares

Diamondex Resources Ltd. (DSP: TSXV)  

9,796,500 common shares

625,000 warrants expire Dec 21, 2008

500,000 warrants expire May 4, 2009
Evolving Gold Corp. (EVG:TSXV)  

8,099,100 common shares
1,250,000 warrants expire Jul 5, 2009
MacArthur Minerals ltd. (MMS:TSXV)  

3,657,700 common shares

500,000 warrants expire Dec 11, 2008

500,000 warrants expire Jul 3, 2009
Mega Silver Inc. (formerly Treat Systems Inc.) (MSR: TSXV)  

4,131,636 common shares
375,000 warrants expire Nov 2, 2009

Noront Resources Ltd. (NOT:TSXV)  

10,273,000 common shares

Nortec Ventures Corp. (NVT:TSXV)  

15,120,000 common shares

Queenston Mining Inc. (QMI:TSX)  

4,278,400 common shares
Silver Reserve Corp. (SLVV:OTCBB)  
4,998,043 common shares

1,750,000 warrants expire Dec 31, 2009

750,000 warrants expire Sep 1, 2010
Solitario Resources Corp. (SLR:TSX)  

1,668,200 common shares

Unigold Inc. (UGD:TSXV)  

6,361,000 common shares

WSR Gold Inc. (WSR: TSXV)  
4,660,000 common shares
125,000 warrants expire Apr 24, 2010
Resources - Base Metals
Landdrill International Inc. (LDI: TSXV)  

6,725,500 common shares

500,000 warrants expire Oct 12, 2008

250,000 warrants expire Jun 9, 2010
MacDonald Mines Exploration Ltd. (BMK: TSXV)  

11,925,000 common shares
3,075,000 warrants expire Oct 29, 2009
Nearctic Nickel Mines Inc. (NNIMF: pink sheet)  

3,500,000 common shares
1,000,000 warrants expire Jan 4, 2010
Royal Nickel Corporation (private)  

1,400,000 common shares

Temex Resources Corp. (TME: TSXV)  

6,250,500 common shares
1,500,000 warrants expire Nov 21, 2009
Resources - Molybdenum
Creston Moly Corp. (formerly Georgia Ventures Inc.) (CMS:TSXV)  

7,000,000 common shares
2,500,000 warrants expire May 9, 2010
Silica Resoruces Corp (SRCN:OTCBB)  

19,176,900 common shares
1,000,000 warrants expire Nov 12, 2008
Resources - Potash and Rare Earths
Phoenix Coal Inc. (PHC: TSX)  

3,252,323 common shares
Western Potash Corp. (WPX: TSXV)  

7,188,700 common shares
6,000,000 warrants expire Oct 15, 2009
Energy Related Technology
Fiber Optic Systems Technology Inc. (FOX:TSXV)  

7,760,112 common shares
1,750,000 warrants expire Mar 5, 2010
Opel International Inc. (formerly Tandem Resources Inc.) (OPL:TSXV)  

4,711,800 common shares

750,000 warrants expire Dec 13, 2009

1,000,000 warrants expire May 11, 2010
Biotechnology
Antisense Therapeutics Limited (ANP:ASX)  

36,500,000 common shares

2,500,000 warrants expire Sept 30, 2009
Bio-Extraction Inc. (BXI: TSXV)  

4,000,000 common shares

1,000,000 warrants expire Jan 29, 2010
Haemacure Corp. (HAE: TSX)  

18,470,179 common shares

2,948,679 warrants expire Jan 5, 2012

2,948,679 warrants expire Apr 13, 2013
Other Technology
Kyoto Capital Partners Inc. (private)  

15,000,000 common shares

Sofame Technologies Inc. (SDW:TSXV)  

6,883,000 common shares

2,500,000 warrants expire May 16, 2009

499,998 warrants expire Dec 21, 2009
View 22 Technology Inc. (private)  

1,300,000 common shares

500,000 warrants expire Aug 2, 2008

150,000 warrants expire Nov 8, 2008
VIQ Solutions Inc. (VQS: TSXV)  

7,225,000 common shares                         850,000 Warrants Expire Mar 25, 2010

 

 
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