Business News • MarketWire • Pinetree Capital Ltd. Acquires Securities of Cline Mining Corp. |
Pinetree Capital Ltd. Acquires Securities of Cline Mining Corp. |
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Pinetree Capital Ltd. Acquires Securities of Cline Mining Corp.
TORONTO, ONTARIO--(Marketwire - Feb. 16, 2010) - Pinetree Capital Ltd. (TSX:PNP), announces that on February 11, 2010, it acquired ownership of 3,000,000 common shares ("Common Shares") and 1,500,000 common share purchase warrants (the "Warrants") of Cline Mining Corp. ("Cline"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.40 until February 11, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 4.5% of the total issued and outstanding common shares of Cline as of February 11, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at February 11, 2010, an aggregate of 16,500,000 common shares of Cline, including the Common Shares, and the Warrants. In the event that the Warrants are fully exercised, the holdings of Pinetree re
View More : http://www.marketwire.com/mw/release.do?id=1117658&sourceType=3
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