Pinetree Capital Ltd.
TSX : PNP

Pinetree Capital Ltd.

November 26, 2007 09:44 ET

Pinetree Capital Ltd. Acquires Securities of Atlas Minerals Inc.

TORONTO, ONTARIO--(Marketwire - Nov. 26, 2007) - Pinetree Capital Ltd. (TSX:PNP), announces that following the completion of the amalgamation between Atlas Minerals Inc. ("Atlas") and Cumbre Ventures Inc., Pinetree owns 2,600,000 common shares (the "Common Shares") and convertible securities exerciseable into 2,600,000 common shares of Atlas (the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, Pinetree's holdings would represent 18.3% of the total issued and outstanding common shares of Atlas as of November 22, 2007, 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 Atlas depending on market conditions or any other relevant factor.

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". 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.

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