Pinetree Capital Ltd. Acquires Securities Of AirIQ Inc.
June 1, 2011
TORONTO, Canada (June 1, 2011) Pinetree Capital Ltd. (TSX: PNP), announces that on May 31, 2011, it acquired ownership of 700,000 common shares (the “Common Shares”) of AirIQ Inc. (“AirIQ”), representing approximately 4.4% of the total issued and outstanding common shares of AirIQ as of May 31, 2011. As a result of this transaction, Pinetree held, as at May 31, 2011, an aggregate of 1,964,395 common shares of AirIQ, including the Common Shares, representing approximately 12.4% of all issued and outstanding common shares as at May 31, 2011.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in AirIQ 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 venture capital firm focused on the small cap market. Pinetree’s investments are primarily in the resources sector: Precious Metals, Base Metals, Oil and Gas, Potash, Lithium and Rare Earths, Uranium and Coal. 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. Pinetree is recognized as a value-added partner in the resource industry.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
|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 250|
|Toronto, Ontario, Canada, M5X 1A9||Toronto, Ontario, Canada, M5X 1A9|
|Website: www.pinetreecapital.com||Phone: 416-941-9600|