To: LoneClone who wrote (2571 ) 2/13/2008 8:05:07 PM From: calgarylady Respond to of 23093 Pinetree likes Colossus.. :) Pinetree Capital buys 950,000 Colossus Minerals shares Pinetree Capital Ltd (C:PNP) Shares Issued 113,632,032 Last Close 2/12/2008 $3.35 Wednesday February 13 2008 - News Release Also Colossus Minerals Inc (C:CSI) News Release Mr. Larry Goldberg of Pinetree Capital reports PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF COLOSSUS MINERALS INC. Pinetree Capital Ltd., on Feb. 13, 2008, further to the conversion of certain subscription receipts, acquired ownership of 950,000 common shares of Colossus Minerals Inc. and 475,000 common share purchase warrants. Each warrant entitles the holder thereof to acquire one additional common share at a price of $2 until Feb. 13, 2011. In the event that the warrants are fully exercised, these holdings represent approximately 3.5 per cent of the total issued and outstanding common shares of Colossus as of Feb. 13, 2008, calculated on a partially diluted basis, assuming the exercise of the warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at Feb. 13, 2008, a total of 4.25 million common shares of Colossus and rights to acquire an additional 2,625,000 common shares of Colossus upon the exercise of convertible securities. Of these totals, Pinetree owns a total of 2.85 million common shares, including the common shares, and rights to acquire an additional 1,925,000 common shares of Colossus upon the exercise of convertible securities, including the warrants, directly. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 6,875,000 common shares of Colossus, or approximately 16.3 per cent of all issued and outstanding common shares as at Feb. 13, 2008, calculated on a partially diluted basis, assuming the exercise of the convertible securities only. In the event that only the Pinetree convertible securities are fully exercised, Pinetree's direct holdings would represent approximately 11.5 per cent of all issued and outstanding common shares of Colossus as of Feb. 13, 2008, calculated on a partially diluted basis, assuming the exercise of the Pinetree convertible securities only. These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Colossus depending on market conditions or any other relevant factor. © 2008 Canjex Publishing Ltd.