Pinetree Capital (PNP-T) buys Laurentian Goldfields (LGF-V) shares, warrants
Jan 10, 2013 - News Release
On Jan. 9, 2013, Pinetree Capital Ltd. acquired ownership of 500,000 common shares and 500,000 common share purchase warrants of Laurentian Goldfields Ltd. Each warrant entitles the holder thereof to acquire one additional common share at a price of 30 cents until Jan. 9, 2015. In the event that the warrants are fully exercised, these holdings represent approximately 1.1 per cent of the total issued and outstanding common shares of Laurentian as of Jan. 9, 2013, calculated on a partially diluted basis, assuming the exercise of the warrants only. As a result of this transaction, Pinetree held, as at Jan. 9, 2013, a total of 904,700 common shares of Laurentian, including the common shares, and rights to acquire an additional 550,000 common shares of Laurentian upon exercise of certain convertible securities, including the warrants. In the event that the convertible securities are fully exercised, the holdings of Pinetree represents a total of 1,454,700 common shares of Laurentian, or approximately 15.5 per cent of all issued and outstanding common shares, as at Jan. 9, 2013, 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 Laurentian depending on market conditions or any other relevant factor. |
