Our Neighbors at Red Mt. PRMr. Larry Goldberg of Pinetree Capital reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF ACERO-MARTIN EXPLORATION INC.
On Jan. 14, 2010, Pinetree Capital Ltd. acquired ownership of one million common shares and 500,000 common share purchase warrants of Acero-Martin Exploration Inc. Each warrant entitles the holder thereof to acquire one additional common share at a price of 27.5 cents until July 14, 2011. In the event that the warrants are fully exercised, these holdings represent approximately 4.7 per cent of the total issued and outstanding common shares of Acero-Martin as of Jan. 14, 2010, calculated on a partially diluted basis assuming the exercise of the warrants only. As a result of this transaction, Pinetree held, as at Jan. 14, 2010, a total of three million common shares of Acero-Martin and rights to acquire an additional 1,062,500 common shares of Acero-Martin upon the exercise of convertible securities, including the warrants, representing a total of 4,062,500 common shares of Acero-Martin, or approximately 12.5 per cent of such shares outstanding as of Jan. 14, 2010, calculated on a partially diluted basis assuming the exercise of the convertible securities.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Acero-Martin depending on market conditions or any other relevant factor.
hmmmmmmmmmmmmmmm
I wonder if could have anything to do with us??????
Still waiting and waiting for some long overdue results from Canadian testing.
We've got to finish Louisiana drilling by May. Difficult to do if we haven't started.
Still waiting for European deal to start working for us. 1% override could be worth millions.
Red...go UPS...Brown delivers for us.....