Pinetree Capital Ltd. Acquires Securities of Marketvision Direct, Inc.
February 25 2011 - 11:50AM
Marketwired
Pinetree Capital Ltd. (TSX: PNP), announces that through a series
of transactions ending on February 23, 2011, it acquired ownership
of 473,000 common shares ("Common Shares") of Marketvision Direct,
Inc. ("Marketvision") through the facilities of the TSX Venture
Exchange, representing approximately 0.8% of the total issued and
outstanding common shares of Marketvision as of February 23, 2011.
As a result of this transaction, Pinetree and its joint actors
collectively held, as at February 23, 2011, an aggregate of
6,503,000 common shares of Marketvision, including the Common
Shares and rights to acquire an additional 2,250,000 common shares
of Marketvision upon exercise of certain convertible securities
(the "Convertible Securities"). Of these totals, Pinetree owns
4,000,000 common shares, including the Common Shares, directly. In
the event that the Convertible Securities are fully exercised, the
holdings of Pinetree and its joint actors represents a total of
8,753,000 common shares of Marketvision, or approximately 14.8% of
all issued and outstanding common shares as at February 23, 2011,
calculated on a partially diluted basis assuming the exercise of
the Convertible Securities only.
This transaction was made for investment purposes and Pinetree
and/or it joint actors could increase or decrease its/their
investment in Marketvision 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 resources sector: Uranium and Coal, Oil & Gas,
Precious Metals, Base Metals and Potash, Lithium and Rare Earths.
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.
For more details about Pinetree and its investments, please
visit our website at www.pinetreecapital.com.
Contacts: Pinetree Capital Ltd. Sheldon Inwentash Chairman &
CEO 416-941-9600 www.pinetreecapital.com Investor Relations:
Pinetree Capital Ltd. Richard Patricio Vice President, Legal and
Corporate Affairs 416-941-9600 ir@pinetreecapital.com
www.pinetreecapital.com
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