Pinetree Capital Ltd. Acquires Common Shares Of Kilgore Minerals Ltd.TORONTO -- Pinetree Capital Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :PNP), a Canadian investment company, announces that in a number of transactions concluding on January 13, 2006, with its purchase on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. of 171,500 common shares of Kilgore Minerals Ltd. ("Kilgore"), it acquired ownership of 537,500 common shares of Kilgore or approximately 3.0% of the total issued and outstanding common shares of Kilgore as of January 13, 2006. As a result of this transaction, Pinetree and its joint actors held, as at January 13, 2006, an aggregate of 1,532,000 common shares of Kilgore and rights to acquire an aggregate of 885,715 common shares of Kilgore upon exercise of convertible securities (the "Convertible Securities"). Of these totals, Pinetree holds 1,532,000 common shares and 350,000 common share purchase warrants (the "Warrants") directly, which represent 10.5% of Kilgore's outstanding common shares as of January 13, 2006, calculated on a partially diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis assuming the exercise of the Warrants only. If Pinetree and its joint actors were to exercise all of these Convertible Securities, their combined ownership would represent a total of 2,417,715 common shares of Kilgore, or approximately 12.9% of such shares outstanding as of January 13, 2006, calculated on a partially diluted basis assuming the exercise of the 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 Kilgore depending on market conditions or any other relevant factor. About Pinetree Pinetree Capital Ltd. ("Pinetree" or the "Company") was incorporated under the laws of the Province of Ontario and is publicly traded on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. ("TSX") under the symbol "PNP". Pinetree develops and manages a portfolio of equity securities of private and public issuers engaged in growth businesses in the following three sectors: (i) Uranium uranium (y  rā`nēəm), radioactive metallic chemical element; symbol U; at. no. 92; at. wt. 238.0289; m.p. 1,132°C;; b.p. 3,818°C;; sp. gr. 19. , Mining and Oil & Gas; (ii) Biotechnology; and (iii) Technology and Other. Pinetree's investment focus among these three sectors changes over time, depending on changing investment opportunities. As well, Pinetree takes advantage of special situations and merchant banking opportunities. For more details about Pinetree and its investments, please visit our website at www.pinetreecapital.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the "safe harbour" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties and other factors that may cause Pinetree's results to differ materially from expectations. These include risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc market fluctuations, investee performance and other risks. These forward-looking statements speak only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . Pinetree disclaims any intent or obligation to update these forward-looking statements. Pinetree Capital Ltd. (TSX:PNP) |
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