Treat systems shares acquired by PinetreeTreat Systems shares acquired by Pinetree Capital
Treat Systems Inc (TSX-V:TSZ)
Shares Issued 5,273,622
Last Close TSZ.H 11/30/2005 $1.09
Wednesday November 30 2005 - News Release
Mr. Larry Goldberg of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF TREAT SYSTEMS INC.
Pinetree Capital Ltd. has acquired ownership pursuant to a private placement of one million common shares of Treat Systems Inc., or approximately 10.3 per cent of the issued outstanding common shares of Treat. As a result of this purchase, Pinetree and its joint actors held, as at Nov. 30, 2005, a total of 3,804,331 common shares of Treat and rights to acquire a total of 250,000 common shares of Treat upon exercise of convertible securities. If Pinetree and its joint actors were to exercise all of these convertible securities, their combined ownership would represent a total of 4,054,331 common shares of Treat, or approximately 40.7 per cent of such shares issued and outstanding, calculated on a partially diluted basis assuming the exercise of the securities convertible into 250,000 common shares only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Treat depending on market conditions or any other relevant factor.