Pinetree Capital Ltd. Acquires Securities of Alexander Nubia International Inc.
July 28 2011 - 3:15PM
Marketwired
Pinetree Capital Ltd. (TSX: PNP), announces that on July 27, 2011,
it acquired ownership of 4,665,900 common shares ("Common Shares")
of Alexander Nubia International Inc. ("Alexander Nubia") through
the facilities of the TSX Venture Exchange, representing
approximately 4.4% of the total issued and outstanding common
shares of Alexander Nubia as of July 27, 2011. As a result of this
transaction, Pinetree held, as at July 27, 2011, an aggregate of
12,165,900common shares of Alexander Nubia, including the Common
Shares, and rights to acquire an additional 1,250,000 common shares
of Alexander Nubia upon exercise of certain convertible securities
(the "Convertible Securities"). In the event that the Convertible
Securities are fully exercised, the holdings of Pinetree represents
a total of 13,415,900 common shares of Alexander Nubia, or
approximately 12.6% of all issued and outstanding common shares as
at July 27, 2011, calculated on a partially diluted basis assuming
the exercise of the Convertible Securities only.
This transaction was made for investment purposes and Pinetree
could increase or decrease its investment in Alexander Nubia
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 venture capital firm
focused on the small cap market. Pinetree's investments are
primarily in the resources sector: Precious Metals, Base Metals,
Oil and Gas, Potash, Lithium and Rare Earths, Uranium and Coal.
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 in the resource industry.
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 Investor Relations: Richard Patricio Vice
President, Legal and Corporate Affairs 416-941-9600
ir@pinetreecapital.com www.pinetreecapital.com
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