Pinetree Capital Ltd. Acquires Securities Of Benton Resources Corp.
September 23, 2010
TORONTO, Canada (September 23, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that through a series of transactions ending on September 22, 2010, it acquired ownership of 250,000 common shares (“Common Shares”) of Benton Resources Corp. (“Benton”) through the facilities of the TSX Venture Exchange, representing approximately 0.3% of the total issued and outstanding common shares of Benton as of September 22, 2010. As a result of this transaction, Pinetree and its joint actors collectively held, as at September 22, 2010, an aggregate of 7,726,500 common shares of Benton, including the Common Shares, or approximately 10.2% of all issued and outstanding common shares as at September 22, 2010. Of these totals, Pinetree holds 2,500,000 common shares, including the Common Shares, or approximately 3.3% of all issued and outstanding common shares as at September 22, 2010, directly.
This transaction was made for investment purposes and Pinetree or its joint actors could increase or decrease their investments in Benton 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