Pinetree Capital Ltd. Acquires Securities of Integra Gold Corp.
30 Junho 2014 - 3:42PM
Marketwired
Pinetree Capital Ltd. Acquires Securities of Integra Gold Corp.
TORONTO, CANADA--(Marketwired - Jun 30, 2014) - Pinetree Capital
Ltd. (TSX:PNP), announces that on June 27, 2014, it acquired
ownership of 6,250,000 common shares ("Common Shares") and
6,250,000 common share purchase warrants (the "Warrants") of
Integra Gold Corp. ("Integra"). Each warrant entitles the holder
thereof to acquire one additional common share at a price of $0.30
until June 27, 2016. In the event that the Warrants are fully
exercised, these holdings represent approximately 6.5% of the total
issued and outstanding common shares of Integra as of June 27,
2014, calculated on a partially diluted basis assuming the exercise
of the Warrants only. As a result of this transaction, Pinetree and
its joint actors collectively held, as at June 27, 2014, an
aggregate of 19,452,850 common shares of Integra, including the
Common Shares, and rights to acquire an additional 8,600,000 common
shares of Integra upon the exercise of convertible securities (the
"Convertible Securities"). Of these totals, Pinetree owns
16,250,000 common shares, including the Common Shares, and
6,250,000 of the Convertible Securities (the "Pinetree Convertible
Securities") directly. In the event that the Convertible Securities
are fully exercised, the holdings of Pinetree and its joint actors
represents a total of 28,052,850 common shares of Integra or
approximately 14.4% of all issued and outstanding common shares as
at June 27, 2014, calculated on a partially diluted basis assuming
the exercise of the Convertible Securities only. In the event that
the Pinetree Convertible Securities are fully exercised, the direct
holdings of Pinetree represents a total of 22,500,000 common shares
of Integra, or approximately 11.7% of all issued and outstanding
common shares as at June 27, 2014, calculated on a partially
diluted basis assuming the exercise of the Pinetree Convertible
Securities only.
These transactions were made for investment purposes and
Pinetree and its joint actors could increase or decrease their
investment in Integra depending on market conditions or any other
relevant factor.
About Pinetree
Pinetree Capital Ltd. ("Pinetree") was incorporated under the
laws of the Province of Ontario and its shares are publicly-traded
on the Toronto Stock Exchange ("TSX") under the symbol "PNP".
Pinetree is a diversified investment and merchant banking firm
focused on the small cap market. Pinetree's investments are
primarily in the following sectors: Precious Metals, Uranium and
Technology. Pinetree's investment approach is to develop a macro
view of a sector, build a position consistent with the view by
identifying micro-cap opportunities within that sector, and devise
an exit strategy designed to maximize our relative return in light
of changing fundamentals and opportunities. Pinetree is recognized
as a value added partner.
Pinetree Capital Ltd.Sheldon Inwentash, CPA, CA.Chairman &
CEO416-643-3884Pinetree Capital Ltd.Gerry Feldman, CPA, CA.CFO
& Vice President, Corporate
Development416-643-3884feldman@pinetreecapital.comPinetree Capital
Ltd. - Investor Relations:Richard Patricio, LL.B.Vice President,
Legal and Corporate
Affairs416-941-9600ir@pinetreecapital.comwww.pinetreecapital.com
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