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Gold/Mining/Energy : Pinetree Capital-PNP-CDNX

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To: marcos who wrote (39)12/11/1999 12:45:00 PM
From: marcos   of 233
 
Comparable piece on insider holdings from the June '99 Management Proxy Circular -

Number of 				Percentage of Outstanding
Name Common Shares Held Common Shares Held

Sheldon Inwentash (1) 1,716,533 19.8%
GeneVest Inc. 1,400,000 16.1%
Lynn Factor (2) 1,144,866 13.2%
David Williams 1,050,000 12.1%

(1)Sheldon Inwentash is the President and a director of GeneVest Inc. and
holds an approximate 7.7% equity interest in GeneVest. Lynn Factor is the
spouse of Sheldon Inwentash. The holdings of GeneVest and Ms. Factor are not
included in the number of shares set out opposite Mr. Inwentash's name above.

(2)Lynn Factor is the spouse of Sheldon Inwentash. The holdings of
Mr. Inwentash are not included in the number of shares set out opposite
Ms. Factor's name above.


Adds up to 61.2% as opposed to 46.3% two years previously.
Now that's tightly held.
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