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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (5185)	12/20/2006 11:57:56 AM
From: Lee333	Read Replies (1) \| Respond to of 30195

Pinetree acquires 1.11 million shares of Bluerock 2006-11-01 15:20 PT - In the News Shares issued 16,697,260 BRD Close 2006-11-01 C$ 1.00 From News Release (C-PNP) Pinetree Capital Ltd Mr. Larry Goldberg of Pinetree reports PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF BLUEROCK RESOURCES LTD. Pinetree Capital Ltd. on Oct. 27, 2006, acquired ownership of 1,111,100 common shares of Bluerock Resources Ltd. and 1,111,100 share purchase warrants (each warrant entitling the holder thereof to acquire one additional common share at an exercise price of 70 cents until Oct. 26, 2008). In the event that the warrants are fully exercised, these holdings represent approximately 12.5 per cent of the total issued and outstanding common shares of Bluerock as of Oct. 27, 2006, calculated on a partially diluted basis assuming the exercise of the warrants only. As a result of this transaction, Pinetree and its joint actors held, as at Oct. 27, 2006, a total of 1,111,100 common shares of Bluerock and rights to acquire a total of 1,126,654 common shares of Bluerock upon exercise of 1,126,654 convertible securities, including the warrants. Of these totals, Pinetree holds the 1,111,100 common shares and the 1,111,100 warrants directly. If Pinetree and its joint actors were to exercise all of the 1,126,654 convertible securities, their combined ownership would represent a total of 2,237,754 common shares of Bluerock, or approximately 12.6 per cent of such shares outstanding as of Oct. 27, 2006, calculated on a partially diluted basis assuming the exercise of the 1,126,654 convertible securities only. These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Bluerock depending on market conditions or any other relevant factor. We seek Safe Harbor. stockwatch.com