RE: Pinetree's holdingsSheldon Inwentash, through a series of transactions ending on Aug. 5, 2010, has acquired ownership of 926,794 common shares of Centric Energy Corp. through the facilities of the TSX Venture Exchange, representing approximately 1.3 per cent of the total issued and outstanding common shares of Centric as of Aug. 5, 2010.
As a result of this transaction, Mr. Inwentash and his joint actors collectively held, as at Aug. 5, 2010, an aggregate of 8,646,794 common shares of Centric, including the common shares and rights to acquire an additional 1.5 million common shares of Centric upon the exercise of convertible securities. Of these totals, Mr. Inwentash owns 1,526,794 common shares, including the common shares directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represent a total of 10,146,794 common shares of Centric, or approximately 13.5 per cent of all issued and outstanding common shares as at Aug. 5, 2010, calculated on a partially diluted basis assuming the exercise of the convertible securities only.
The 1,526,794 common shares directly held by Mr. Inwentash represent approximately 2.1 per cent of all issued and outstanding common shares as at Aug. 5, 2010.
These transactions were made for investment purposes and Mr. Inwentash and each of his joint actors could increase or decrease their respective investments in Centric depending on market conditions or any other relevant factor.