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Pinetree Capital Ltd T.PNP.DB


Primary Symbol: T.PNP Alternate Symbol(s):  PNPFF

Financial Services Asset Management
Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on the technology sector. The Company's objective is to maximize shareholder value. It invests primarily in equity, as well as debt and convertible securities. The Company holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree Capital Investment Corp. (PCIC) and Emerald Capital Corp., and Pinetree Income Partnership (PIP).


TSX:PNP - Post by User

Pinetree Capital Ltd
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Post by SAGE1on Apr 20, 2011 3:12pm
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Post# 18463397

News

News

Part of NR

2011-04-20 15:10 ET - News Release

Mr. Sheldon Inwentash reports

PINETREE CAPITAL LTD. ANNOUNCES PROPOSED $60 MILLION CONVERTIBLE DEBENTURE FINANCING

Pinetree Capital Ltd. has entered into an agreement for a proposed overnight marketed private-placement financing on a best-efforts basis with a syndicate of agents, co-led by Dundee Securities Ltd. and GMP Securities LP, and including Acumen Capital Finance Partners Ltd., Fraser Mackenzie Ltd. and M Partners Inc., for approximately $60-million total principal amount of convertible unsecured subordinated debentures.

Highlights

-- Interest rate of 8.0% per annum, payable semi-annually -- Maturity: May 31, 2016 -- Redeemable after May 31, 2014 -- Convertible at any time at a conversion price of $4.25 per common share ("Common Share") of Pinetree -- Net proceeds of the private placement will be used for future investment activities and for general corporate purposes

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