18.02.2011 22:55
Pinetree Capital Ltd. Acquires Securities of Matamec Explorations Inc.
TORONTO, ONTARIO -- (Marketwire) -- 02/18/11 -- Pinetree Capital Ltd. (TSX: PNP) announces that through a series of transactions ending on February 17, 2011, it acquired ownership of 386,000 common shares ("Common Shares") of Matamec Explorations Inc. ("Matamec") through the facilities of the TSX Venture Exchange, representing approximately 0.3% of the total issued and outstanding common shares of Matamec as of February 17, 2011. As a result of this transaction, Pinetree held, as at February 17, 2011, an aggregate of 11,150,001 common shares of Matamec, including the Common Shares, and rights to acquire an additional 750,000 common shares of Matamec upon exercise of certain convertible securities (the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 11,900,001 common shares of Matamec, or approximately 10.2% of all issued and outstanding common shares as at February 17, 2011, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Matamec depending on market conditions or any other relevant factor.
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www.finanznachrichten.de/...f-matamec-explorations-inc-256.htm