Mr. Richard Patricio reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF GREENCASTLE RESOURCES LTD.
Pinetree Capital Ltd., through a series of transactions ending on Aug. 16, 2010, has acquired ownership of 27,500 common shares of Greencastle Resources Ltd. through the facilities of the TSX Venture Exchange representing approximately 0.1 per cent of the total issued and outstanding common shares of Greencastle as of Aug. 16, 2010. As a result of this transaction, Pinetree held, as at Aug. 16, 2010, an aggregate of 4.5 million common shares of Greencastle, including the common shares, or approximately 10.1 per cent of all issued and outstanding common shares as at Aug. 16, 2010.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Greencastle depending on market conditions or any other relevant factor.