RE: pele mountain shareholdersHere is a shareholder that is still buying...
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Pinetree Capital acquires 250,000 Pele Mountain shares
Also News Release (C-GEM) Pele Mountain Resources Inc Mr. Larry Goldberg of Pinetree Capital reports PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF PELE MOUNTAIN RESOURCES INC. ., through a series of transactions ending on Dec. 8, 2008, has acquired ownership of 250,000 common shares of Pele Mountain Resources Inc. through the facilities of the TSX Venture Exchange, representing approximately 0.3 per cent of the total issued and outstanding common shares of Pele as of Dec. 8, 2008. As a result of this transaction, Pinetree and its joint actors collectively held, as at Dec. 8, 2008, a total of 7.6 million common shares of Pele and rights to acquire an additional one million common shares of Pele upon the exercise of convertible securities. Of these totals, Pinetree owns a total of 7.25 million common shares of Pele and the convertible securities. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represent a total of 8.6 million common shares of Pele, or approximately 10.1 per cent of all issued and outstanding common shares as at Dec. 8, 2008, calculated on a partially diluted basis, assuming the exercise of the convertible securities only. In the event that the convertible securities are fully exercised, Pinetree's direct holdings would represent 8.25 million common shares, approximately 9.7 per cent of all issued and outstanding common shares of Pele as of Dec. 8, 2008, calculated on a partially diluted basis, assuming the exercise of the convertible securities only. The remainder is available to Stockwatch subscribers. If you would like to give the Stockwatch system a try, .