TORONTO, CANADA--(Marketwired - March 7, 2014) - Pinetree Capital Ltd. (TSX:PNP), announces that on March 6, 2014, as a result of a reverse take-over by Keek Inc. ("Keek") of Primary Petroleum Corporation, it acquired ownership of 38,786,027 common shares ("Common Shares") of Keek representing approximately 11.3% of the total issued and outstanding common shares of Keek as of March 6, 2014. As a result of this transaction, Pinetree and its joint actors collectively held, as at March 6, 2014, an aggregate of 52,823,527 common shares of Keek, including the Common Shares, representing approximately 15.4% of all issued and outstanding common shares as at March 6, 2014. Of these totals, Pinetree Capital owns only the Common Shares.
These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Keek depending on market conditions or any other relevant factor.
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 merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the following sectors: Precious Metals, Uranium and Technology. 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.