Pinetree Capital Announces Completion Of Normal Course Issuer Bid
June 25, 2013
TORONTO, Canada (June 25, 2013) - Pinetree Capital Ltd. (TSX: PNP) is pleased to announce that it has completed its normal course issuer bid for its 8% convertible unsecured subordinated debentures due May 31, 2016 (“Debentures”) (TSX: “PNP.DB”). Pursuant to the terms of the bid, the corporation acquired an aggregate of $6,696,000 principal amount of Debentures, being the maximum amount permitted under the bid, at a volume weighted average price of $78.83 per $100 principal amount. All of the Debentures acquired were cancelled and an aggregate of $60,864,000.00 principal amount of Debentures remain outstanding.
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.
|Sheldon Inwentash, CPA, CA.||Richard Patricio, LL.B.|
|Chairman & CEO||Vice President, Legal and Corporate Affairs|
|Pinetree Capital Ltd.||Pinetree Capital Ltd.|
|130 King Street West, Suite 250|
|Gerry Feldman, CPA, CA.||Toronto, Ontario, Canada, M5X 2A2|
|CFO & Vice President, Corporate Development||Phone: 416-941-9600|
|Pinetree Capital Ltd.||Email: email@example.com|
|Phone: 416-643-3884||Website: www.pinetreecapital.com|