RE: RE: RE: Looky LookyI'm not sure what the implications are going to be but...Pinetree is now owner of Burnstown which was partly owned by CTM, Shore Gold and Encana. Interesting partners anyway.
Just after noon today Pinetree announced they acquired Million common shares of Burnstone Ventures Inc. as well as 1,000,000 common share purchase warrants (the "Warrants") of Burnstone Ventures Inc. ("Burnstone").
Pinetree is far from the most influential company merchant bank in Canada but they do specialize in acquiring shares of small companies and making a LARGE profit from by turning them around and selling significantly higher. Could be a real boost for CTM and SGF holders although I doubt much impact to Encana since it's a drop in the bucket for them.
Happy Holidays,
HF