Pinetree Capital Ltd.
TSX : PNP

Pinetree Capital Ltd.

June 25, 2013 16:00 ET

Pinetree Capital Announces Completion of Normal Course Issuer Bid

TORONTO, CANADA--(Marketwired - June 25, 2013) -

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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.

About Pinetree

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.

Contact Information

  • Sheldon Inwentash, CPA, CA.
    Chairman & CEO
    Pinetree Capital Ltd.

    Gerry Feldman, CPA, CA.
    CFO & Vice President, Corporate Development
    Pinetree Capital Ltd.
    416-643-3884
    feldman@pinetreecapital.com

    Investor Relations:
    Richard Patricio, LL.B.
    Vice President, Legal and Corporate Affairs
    Pinetree Capital Ltd.
    416-941-9600
    ir@pinetreecapital.com

    Pinetree Capital Ltd.
    130 King Street West, Suite 250
    Toronto, Ontario, Canada, M5X 2A2
    www.pinetreecapital.com