Pinetree Capital Ltd. Acquires Securities Of Ateba Resources Inc.
January 26, 2009
TORONTO, Ontario – Pinetree Capital Ltd. (TSX: PNP), announces that on January 5, 2009, further to the conversion of certain subscription receipts, it acquired ownership of 2,900,000 common shares (“Common Shares”) of Ateba Resources Inc. (“Ateba”), which represents approximately 9.9% of the total issued and outstanding common shares of Ateba as of January 5, 2009. As a result of this transaction, Pinetree and its joint actors collectively held, as at January 5, 2009, an aggregate of 5,901,200 common shares of Ateba, including the Common Shares or approximately 19.9% of all issued and outstanding common shares as at January 5, 2009. Pinetree directly holds only the Common Shares.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Ateba depending on market conditions or any other relevant factor.
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.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com