Business News • MarketWire • Pinetree Capital Ltd. Acquires Securities of Pacific North West Capital Corp. |
Pinetree Capital Ltd. Acquires Securities of Pacific North West Capital Corp. |
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Pinetree Capital Ltd. Acquires Securities of Pacific North West Capital Corp.
TORONTO, ONTARIO--(Marketwire - March 17, 2011) - Pinetree Capital Ltd. (TSX:PNP), announces that on March 16, 2011, it acquired ownership of 1,000,000 common shares ("Common Shares") and 500,000 common share purchase warrants (the "Warrants") of Pacific North West Capital Corp. ("Pacific North West"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.35 until March 16, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 1.9% of the total issued and outstanding common shares of Pacific North West as of March 16, 2011, 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 March 16, 2011, an aggregate of 8,930,000 common shares of Pacific North West, including the Common Shares and rights
View More : http://www.marketwire.com/mw/release.do?id=1413182&sourceType=3
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