Pinetree Capital Ltd.

TSX : PNP


Pinetree Capital Ltd.

December 19, 2013 13:46 ET

Pinetree Capital Ltd. Acquires Securities of Integra Gold Corp.

TORONTO, CANADA--(Marketwired - Dec. 19, 2013) - Pinetree Capital Ltd. (TSX:PNP), announces that on December 18, 2013, it acquired ownership of 1,000,000 common shares ("Common Shares") of Integra Gold Corp. ("Integra") through a third party vendor representing approximately 0.8% of the total issued and outstanding common shares of Integra as of December 18, 2013. As a result of this transaction, Pinetree and its joint actors collectively held, as at December 18, 2013, an aggregate of 12,327,850 common shares of Integra, including the Common Shares, and rights to acquire an additional 1,100,000 common shares of Integra upon exercise of certain convertible securities (the "Convertible Securities"). Of these totals, Pinetree owns 7,175,000 common shares, including the Common Shares, directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 13,427,850 common shares of Integra, or approximately 10.4% of all issued and outstanding common shares as at December 18, 2013, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Integra depending on market conditions or any other relevant factor.

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

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

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

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

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