What did PNP tell you ?Pinetree has been increasing its holding of Halo shares during this summer- from 10% to 17.6%...
(See below)
TORONTO, Canada (November 10, 2009) Pinetree Capital Ltd. (TSX: PNP), announces that on November 6, 2009, it acquired ownership of 2,000,000 common shares (“Common Shares”) of Halo Resources Ltd. (“Halo”) and 2,000,000 common share purchase warrants (the “Warrants”). Each Warrant entitles the holder to purchase one additional common share at a price of
.075 per share until November 6, 2010 and thereafter at a price of
.10 per share until November 6, 2011. In the event that the Warrants are fully exercised, these holdings represent approximately 2.8% of the total issued and outstanding common shares of Halo as of November 6, 2009, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at November 6, 2009, an aggregate of 8,500,000 common shares of Halo, including the Common Shares and rights to acquire an additional 6,350,000 common shares of Halo upon the exercise of convertible securities, including the Warrants (collectively, the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 14,850,000 common shares of Halo, or approximately 10.1% of all issued and outstanding common shares as at November 6, 2009, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
TORONTO, Canada (October 6, 2010) Pinetree Capital Ltd. (TSX: PNP), announces that on October 5, 2010, it acquired ownership of 1,000,000 common shares (“Common Shares”) and 1,000,000 common share purchase warrants (the “Warrants”) of Halo Resources Ltd. (“Halo”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of
.35 until October 4, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 9.9% of the total issued and outstanding common shares of Halo as of October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at October 5, 2010, an aggregate of 2,050,000 common shares of Halo, including the Common Shares, and rights to acquire an additional 1,600,000 common shares of Halo upon exercise of certain convertible securities, including the Warrants (the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 3,650,000 common shares of Halo, or approximately 17.6% of all issued and outstanding common shares as at October 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.