Pinetree Capital Ltd. Acquires Securities Of Vesta Capital Corp.
September 24, 2008
TORONTO, Ontario (September 24, 2008) – Pinetree Capital Ltd. (TSX: PNP), announces that on September 16, 2008 it acquired ownership of 2,000,000 common shares (“Common Shares”) of Vesta Capital Corp. (“Vesta”) which represents approximately 31.7% of the total issued and outstanding common shares of Vesta as of September 15, 2008, 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 Vesta depending on market conditions or any other relevant factor.
Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.
Pinetree Capital Ltd.
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com