Pinetree Capital Ltd. Acquires Securities Of Las Vegas From Home.com Entertainment Inc.
October 9, 2013
TORONTO, Canada (October 9, 2013) Pinetree Capital Ltd. (TSX: PNP), announces that on October 7, 2013, it acquired ownership of 2,500,000 common shares (“Common Shares”) and 2,500,000 common share purchase warrants (the “Warrants”) of Las Vegas From Home.com Entertainment Inc. (“LVFH”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.075 until October 7, 2014 and at a price of $0.10 until October 7, 2015. In the event that the Warrants are fully exercised, these holdings represent approximately 6.1% of the total issued and outstanding common shares of LVFH as of October 7, 2013. As a result of this transaction, Pinetree and its joint actors collectively held, as at October 7, 2013, an aggregate of 5,000,000 common shares of LVFH, including the Common Shares, and rights to acquire an additional 5,000,000 common shares of LVFH upon the exercise of convertible securities (the “Convertible Securities”). Of these totals, Pinetree owns only the Common Shares and Warrants directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 10,000,000 common shares of LVFH or approximately 11.9% of all issued and outstanding common shares as at October 7, 2013, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in LVFH 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.
|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: firstname.lastname@example.org|
|Phone: 416-643-3884||Website: www.pinetreecapital.com|