WHY Pinetree Capital Ltd. Acquires Securities of VWHY Pinetree Capital Ltd. Acquires Securities of Vesta Capital Corp. ANY IDEA ?
Pinetree Capital Ltd. Acquires Securities of Vesta Capital Corp.
Wed Sep 24, 4:52 PM
TORONTO, ONTARIO--(Marketwire - Sept. 24, 2008) - Pinetree Capital Ltd. (TSX: PNP.TO),announces that on September 16, 2008 it acquired ownership of 2,000,000common shares ("Common Shares") of Vesta Capital Corp. ("Vesta") whichrepresents approximately 31.7% of the total issued and outstandingcommon shares of Vesta as of September 15, 2008, calculated on apartially diluted basis assuming the exercise of the Warrants only.
These transactions were made for investment purposes and Pinetree couldincrease or decrease its investment in Vesta depending on marketconditions or any other relevant factor.
About Pinetree
Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws ofthe Province of Ontario and its shares are publicly-traded on theToronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is adiversified investment and merchant banking firm focused on the smallcap market. Pinetree's investments are primarily in the resourcessector: Uranium, Oil & Gas, Molybdenum, Precious Metals, Potash andRare Earths, and Base Metals. Pinetree's investment approach is todevelop a macro view of a sector, build a position consistent with theview by identifying micro-cap opportunities within that sector, anddevise an exit strategy designed to maximize our relative return inlight of changing fundamentals and opportunities.
For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com.