Pinetree Capital Ltd. Announces Unaudited May 31, 2013 Net Asset Value Per Share of $0.95
June 14 2013 - 8:00AM
Marketwired
TOR
Pinetree Capital Ltd. (TSX:PNP), announces that as at May 31, 2013,
Pinetree's unaudited net asset value per share ("NAV") was $0.95.
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 Pinetree Capital Ltd. Gerry Feldman, CPA, CA.
CFO & Vice President, Corporate Development
416-643-3884feldman@pinetreecapital.com Pinetree Capital Ltd. 130
King Street West, Suite 250 Toronto, Ontario, Canada, M5X 2A2
www.pinetreecapital.com Investor Relations: Pinetree Capital Ltd.
Richard Patricio, LL.B. Vice President, Legal and Corporate Affairs
416-941-9600ir@pinetreecapital.com
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