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

Pinetree Capital Announces Election Of Directors

July 7, 2015

TORONTO, Ontario (July 7, 2015) – Pinetree Capital Ltd. (TSX: “PNP”) announces that at its annual shareholder meeting held earlier today, all of the nominees listed in its management information circular for the meeting were elected as directors of the company.  Each director was elected by a majority of the shareholders by a show of hands.  The results of the shares voted by proxy in respect of the election of each director are set out below:

Nominee Shares Voted For Shares Withheld
Andrew Fleming 18,006,078 (80.56%) 4,344,447 (19.44%)
Gerry Goldberg 17,789,847 (79.59%) 4,560,678 (20.41%)
Dennis Logan 18,074,478 (80.87%) 4,276,047 (19.13%)
Bruno Maruzzo 17,953,747 (80.33%) 4,396,778 (19.67%)
Ronald Perry 17,921,778 (80.19%) 4,428,747 (19.81%)
Andrew Steuter 18,039,778 (80.71%) 4,310,747 (19.29%)
John Varghese 18,077,028 (80.88%) 4,273,497 (19.12%)

All other matters put before shareholders at the meeting were approved.  The complete voting results are available under the company’s profile at www.sedar.com.

About Pinetree

Pinetree is a diversified investment and merchant banking firm focused on the small cap market, with early stage investments in resource, biotechnology and technology companies.  Pinetree’s shares are listed on the Toronto Stock Exchange under the symbol “PNP”.

Investor Relations:
Richard Patricio, LL.B.
Chief Executive Officer
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 2A2
Phone: 416-941-9600
Email: ir@pinetreecapital.com
Website: www.pinetreecapital.com

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