Pinetree Capital Ltd.
TSX : PNP

Pinetree Capital Ltd.

August 16, 2007 11:37 ET

Pinetree Capital Announces Listing of Warrants

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Pinetree Capital Ltd. (TSX:PNP), a Canadian investment company ("Pinetree" or the "Company"), announces that the Company's common share purchase warrants, which were issued as part of its private placement that closed on April 16, 2007, will be listed on the Toronto Stock Exchange commencing at the opening of trading on August 17, 2007 and will trade under the symbol "PNP.WT".

An aggregate of 5,000,000 warrants will be listed, each warrant entitling the holder to purchase one common share of Pinetree at a price of $15.00 per share until expiry on April 16, 2012.

About Pinetree

Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP" and is included in the Standard & Poor's/Toronto Stock Exchange composite index. Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the resources sector: Uranium, Oil & Gas, Molybdenum, Precious Metals and Base Metals. Pinetree's investment approach is to build a macro position in a sector, find the micro-cap opportunities in that sector and work with those companies to build them to commercial production and create an exit.

For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.

This news release contains forward-looking statements within the meaning of applicable Canadian Securities laws. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree's results to differ materially from expectations. These include risks relating to market fluctuations, investee performance and other risks. These forward-looking statements speak only as at the date hereof. Pinetree disclaims any intent or obligation to update these forward-looking statements, except as required by law.

Contact Information

  • Investor Relations:
    Pinetree Capital Ltd.
    Larry Goldberg, C.A.
    Executive Vice President and Chief Financial Officer
    (416) 941-9600
    Email: ir@pinetreecapital.com
    or
    Media Relations:
    Pinetree Capital Ltd.
    Wanda Cutler
    Director of Corporate Communications
    (416) 860-1717
    Website: www.pinetreecapital.com