Business News • MarketWire • Pinetree Capital Ltd. Acquires Securities of Expedition Mining Inc. |
Pinetree Capital Ltd. Acquires Securities of Expedition Mining Inc. |
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Pinetree Capital Ltd. Acquires Securities of Expedition Mining Inc.
TORONTO, ONTARIO--(Marketwire - March 16, 2011) - Pinetree Capital Ltd. (TSX:PNP), announces that on March 14, 2011, it acquired ownership of 1,875,000 common shares ("Common Shares") and 937,500common share purchase warrants (the "Warrants") of Expedition Mining Inc. ("Expedition Mining"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.50 until September 13, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 5.1% of the total issued and outstanding common shares of Expedition Mining as of March 14, 2011, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at March 14, 2011, an aggregate of 8,726,500common shares of Expedition Mining, including the Common Shares, and the Warrants. In the event that the Warrants are fully exercise
View More : http://www.marketwire.com/mw/release.do?id=1412517&sourceType=3
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