Business News • MarketWire • Pinetree Capital Ltd. Acquires Securities of Ginguro Exploration Inc. |
Pinetree Capital Ltd. Acquires Securities of Ginguro Exploration Inc. |
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Pinetree Capital Ltd. Acquires Securities of Ginguro Exploration Inc.
TORONTO, ONTARIO--(Marketwire - July 5, 2010) - Pinetree Capital Ltd. (TSX:PNP), announces that on July 2, 2010, it acquired ownership of 1,250,000 common shares ("Common Shares") and 625,000 common share purchase warrants (the "Warrants") of Ginguro Exploration Inc. ("Ginguro"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.70 until December 11, 2011. In the event that the Warrants are fully exercised, these holdings represent approximately 4.5% of the total issued and outstanding common shares of Ginguro as of July 2, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at July 2, 2010, an aggregate of 4,638,000 common shares of Ginguro, including the Common Shares, and rights to acquire an additional 1,875,000 common shares of Ginguro upon exercise of certain convertible secur
View More : http://www.marketwire.com/mw/release.do?id=1285574&sourceType=3
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