Pinetree Capital Ltd. Announces Unaudited July 31, 2011 Net Asset Value Per Share of $3.76
August 15 2011 - 8:00AM
Marketwired
Pinetree Capital Ltd. (TSX: PNP), announces that as at July 31,
2011, Pinetree's unaudited net asset value per share ("NAV") was
$3.76.
NAV is calculated as at a particular date and is, by its nature,
historical, and may not be reflective of Pinetree's future
performance.
Pinetree discloses an unaudited monthly NAV within 15 days after
the month-end. The latest month-end NAV and more details about
Pinetree and its investments can be found on Pinetree's website at
www.pinetreecapital.com.
Use of Non-IFRS Financial Measures
NAV is a non-IFRS (international financial reporting standards)
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 IFRS and therefore may not be
comparable to similar measures presented by other companies. There
is no comparable IFRS measure presented in Pinetree's consolidated
financial statements and thus no applicable quantitative
reconciliation for such non-IFRS financial measure. The Company has
calculated NAV consistently for many years and believes that NAV
can provide information useful to its shareholders in understanding
its performance, and may assist in the evaluation of its business
relative to that of its 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, 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.
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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