Pinetree Capital Ltd. Announces Unaudited March 31, 2014 Net Asset Value Per Share of $0.85
April 15 2014 - 8:00AM
Marketwired
Pinetree Capital Ltd. Announces Unaudited March 31, 2014 Net Asset
Value Per Share of $0.85
TORONTO, CANADA--(Marketwired - Apr 15, 2014) - Pinetree Capital
Ltd. (TSX:PNP) announces that as at March 31, 2014, Pinetree's
unaudited net asset value per share ("NAV") was $0.85.
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 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 &
CEO416-941-9600Pinetree 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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