Business News • MarketWire • Pinetree Capital Ltd. Acquires Securities of UC Resources Ltd. |
Pinetree Capital Ltd. Acquires Securities of UC Resources Ltd. |
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Pinetree Capital Ltd. Acquires Securities of UC Resources Ltd.
TORONTO, ONTARIO--(Marketwire - Oct. 1, 2010) - Pinetree Capital Ltd. (TSX:PNP), announces that on September 28, 2010, it acquired ownership of 1,500,000 common shares ("Common Shares") and 750,000 common share purchase warrants (the "Warrants") of UC Resources Ltd. ("UC"). Each Warrant entitles the holder to acquire one common share of UC at a price of $0.13 until September 28, 2010. In the event that the Warrants are fully exercised, these holdings represent approximately 1.4% of the total issued and outstanding common shares of UC as of September 28, 2010, 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 September 28, 2010, an aggregate of 15,150,000 common shares of UC, including the Common Shares and rights to acquire an additional 3,000,000 common shares of UC upon exercise of certai
View More : http://www.marketwire.com/mw/release.do?id=1328444&sourceType=3
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