Pinetree Capital Ltd. Acquires Securities Of Expedition Mining Inc.
August 19, 2010
TORONTO, Canada (August 19, 2010) – Pinetree Capital Ltd. (TSX: PNP), announces that through a series of transactions ending on August 18, 2010, Pinetree acquired ownership of 480,000 common shares (“Common Shares”) of Expedition Mining Inc. (“Expedition”) through the facilities of the TSX Venture Exchange representing approximately 1.0% of the total issued and outstanding common shares of Expedition as of August 18, 2010. As a result of this transaction, Pinetree held, as at August 18, 2010, an aggregate of 4,830,000 common shares of Expedition, including the Common Shares, or approximately 10.2% of all issued and outstanding common shares as at August 18, 2010.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Expedition 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 and Coal, 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.
Vice President, Legal and Corporate Affairs
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com