Pinetree Capital Ltd. Announces Unaudited February 28, 2013 Net Asset Value Per Share of $1.28
March 15 2013 - 8:00AM
Marketwired
Pinetree Capital Ltd. (TSX:PNP), announces that as at February 28,
2013, Pinetree's unaudited net asset value per share ("NAV") was
$1.28.
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-GAAP Financial Measures
NAV is a non-GAAP (general accepted accounting principles)
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 GAAP measure presented in Pinetree's consolidated
financial statements and thus no applicable quantitative
reconciliation for such non-GAAP 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, CPA, CA.
Chairman & CEO 416-643-3884 Pinetree Capital Ltd. Gerry
Feldman, CPA, CA. CFO & Vice President, Corporate Development
416-643-3884feldman@pinetreecapital.com Pinetree Capital Ltd.
Investor Relations: Richard Patricio, LL.B. Vice President, Legal
and Corporate Affairs 416-941-9600ir@pinetreecapital.com
www.pinetreecapital.com
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