Pinetree Capital Ltd. Acquires Securities of Spectra7 Microsystems Inc.
March 28 2014 - 10:24AM
Marketwired
Pinetree Capital Ltd. Acquires Securities of Spectra7 Microsystems
Inc.
TORONTO, CANADA--(Marketwired - Mar 28, 2014) - Pinetree Capital
Ltd. (TSX:PNP), announces that on March 28, 2014, it acquired
ownership of 5,000,000 common shares ("Common Shares") and
5,000,000 common share purchase warrants (the "Warrants") of
Spectra7 Microsystems Inc. ("Spectra7") representing approximately
12.3% of the total issued and outstanding common shares of Spectra7
as of March 28, 2014. As a result of this transaction, Pinetree and
its joint actors collectively held, as at March 28, 2014, an
aggregate of 6,500,000 common shares of Spectra7, including the
Common Shares, and rights to acquire an additional 6,500,000 common
shares of Spectra7 upon the exercise of convertible securities (the
"Convertible Securities"). Of these totals, Pinetree owns only the
Common Shares and the Warrants directly. In the event that the
Convertible Securities are fully exercised, the holdings of
Pinetree and its joint actors represents a total of 13,000,000
common shares of Spectra7 or approximately 15.7% of all issued and
outstanding common shares as at March 28, 2014, calculated on a
partially diluted basis assuming the exercise of the Convertible
Securities only.
These transactions were made for investment purposes and
Pinetree and its joint actors could increase or decrease their
investment in Spectra7 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 merchant banking firm
focused on the small cap market. Pinetree's investments are
primarily in the following sectors: Precious Metals, Uranium and
Technology. 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.
Pinetree Capital Ltd.Sheldon Inwentash, CPA, CA.Chairman &
CEO416-643-3884Pinetree Capital Ltd.Gerry Feldman, CPA, CA.CFO
& Vice President, Corporate
Development416-643-3884feldman@pinetreecapital.comInvestor
Relations:Pinetree Capital Ltd.Richard Patricio, LL.B.Vice
President, Legal and Corporate
Affairs416-941-9600ir@pinetreecapital.comPinetree Capital Ltd.130
King Street West, Suite 2500Toronto, Ontario, Canada, M5X
2A2www.pinetreecapital.com
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