Pinetree Capital Announces Unaudited February 28, 2011 Net Asset Value Per Share of $5.01
March 15 2011 - 8:00AM
Marketwired
Pinetree Capital Ltd. (TSX: PNP), announces that as at February 28,
2011, Pinetree's unaudited net asset value per share ("NAV") was
$5.01, representing an increase of $0.33 or 7.1% compared to the
unaudited NAV of $4.68 at January 31, 2011.
Pinetree discloses an unaudited monthly net asset value per
share within 15 days after a month-end. The latest month-end NAV
and more details about Pinetree and its investments can be found at
Pinetree's website at www.pinetreecapital.com.
Use of Non-GAAP Financial Measures
NAV is a non-GAAP financial measure calculated as the value of
total assets less the value of total liabilities divided by the
total number of common shares outstanding as at a specific date.
The term NAV does not have any standardized meaning according to
GAAP and therefore may not be comparable to similar measures
presented by other companies. There is no comparable measure
presented in Pinetree's financial statements and thus no applicable
quantitative reconciliation for NAV. We believe that the measure
provides information useful to our shareholders in understanding
our performance, and may assist in the evaluation of our business
relative to that of our peers.
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 venture capital firm
focused on the small cap market. Pinetree's investments are
primarily in the resources sector: Precious Metals, Uranium and
Coal, Base Metals, Oil and Gas, 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 and is recognized as a
value added partner in the resource industry.
Contacts: Pinetree Capital Ltd. Sheldon Inwentash Chairman &
CEO 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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