Pinetree Capital Ltd. Acquires Securities Of Calypso Uranium Corp.
April 15, 2010
TORONTO, Canada (April 15, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on April 14, 2010, Pinetree acquired ownership of 605,000 common shares (“Common Shares”) of Calypso Uranium Corp. (“Calypso”) through the facilities of the TSX Venture Exchange representing approximately 1.2% of the total issued and outstanding common shares of Calypso as of April 14, 2010. As a result of this transaction, Pinetree and its joint actors collectively held, as at April 14, 2010, an aggregate of 6,361,750 common shares of Calypso, including the Common Shares, which represents approximately 12.6% of all issued and outstanding common shares as at April 14, 2010. Of these totals, Pinetree owns a total of 5,605,500 common shares of Calypso, including the Common Shares, which represents approximately 11.1% of all issued and outstanding common shares as at April 14, 2010.
These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Calypso depending on market conditions or any other relevant factor.
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 resources sector: Uranium, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths. 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.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com