Pinetree Capital Ltd. Acquires Securities of Marketvision Direct, Inc.
February 25 2011 - 10:50AM
Marketwired Canada
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.
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