The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Pinetree Capital Ltd. Acquires Securities of El Nino Ventures Inc.

Monday, September 16, 2013

Pinetree Capital Ltd. Acquires Securities of El Nino Ventures Inc.

10:15 EDT Monday, September 16, 2013

TORONTO, CANADA--(Marketwired - Sept. 16, 2013) - Pinetree Capital Ltd. (TSX:PNP) announces that on September 12, 2013, it acquired ownership of 2,500,000 common shares ("Common Shares") and 1,250,000 common share purchase warrants (the "Warrants") of El Nino Ventures Inc. ("El Nino"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.05 until September 12, 2014 and at a price of $0.10 until September 12, 2015. In the event that the Warrants are fully exercised, these holdings represent approximately 4.7% of the total issued and outstanding common shares of El Nino as of September 12, 2013, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at September 12, 2013, an aggregate of 6,850,000 common shares of El Nino, including the Common Shares, and rights to acquire an additional 2,050,000 common shares of El Nino upon exercise of certain convertible securities, including the Warrants (the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 8,900,000 common shares of El Nino, or approximately 11.0% of all issued and outstanding common shares as at September 12, 2013, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

This transaction was made for investment purposes and Pinetree could increase or decrease its investment in El Nino 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Pinetree Capital Ltd.
Sheldon Inwentash, CPA, CA.
Chairman & CEO
416-643-3884


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


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


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

Products
  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
NEWS APP
Other Sections