TSX: PNP     Last: 3.81     Change: 0.00
TSX: PNP     Last: 3.81     Change: 0.00

Pinetree Capital To Disclose Monthly Net Asset Value Per Share

January 26, 2011

TORONTO, Canada (January 26, 2011) Pinetree Capital Ltd. (TSX: PNP), announces that it will begin to publicly disclose unaudited net asset value per share (“NAV”) on a monthly basis, commencing with the January 31, 2011 period. This expands on Pinetree’s established practice of releasing NAV on a quarterly basis, and reflects our response to shareholder interest in receiving NAV information more frequently.

Monthly NAV will be disclosed by the company in a press release and be available on the company’s website approximately fifteen days after each month-end. NAV will be calculated based on unaudited month-end financial information.

NAV is a non-GAAP measure calculated as the value of total assets less the value of total liabilities divided by total number of common shares outstanding, as at a specified date. The term NAV does not have any standardized meaning according to GAAP and therefore may not be comparable to similar measures presented by other companies.

“Pinetree believes that providing monthly NAV updates will be beneficial to our shareholders by providing information that is useful to understanding our performance”, states Sheldon Inwentash, Chairman and CEO. “This measure will help provide a benchmark to evaluate our business relative to that of our peers”.


About Pinetree

Pinetree Capital Ltd. is an Ontario company whose 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  

  Investor Relations:
Sheldon Inwentash Richard Patricio
Chairman & CEO Vice President, Legal and Corporate Affairs
Pinetree Capital Ltd. Pinetree Capital Ltd.
130 King Street West, Suite 2500 130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9 Toronto, Ontario, Canada, M5X 1A9
Website: www.pinetreecapital.com Phone: 416-941-9600
  Email: ir@pinetreecapital.com
  Website: www.pinetreecapital.com

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