Business News • MarketWire • Pinetree Capital Ltd. Acquires Securities of Strait Gold Corp. |
Pinetree Capital Ltd. Acquires Securities of Strait Gold Corp. |
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Pinetree Capital Ltd. Acquires Securities of Strait Gold Corp.
TORONTO, ONTARIO--(Marketwire - Aug. 27, 2010) - Pinetree Capital Ltd. (TSX:PNP), announces that on August 26, 2010, it acquired ownership of 1,666,666 common shares ("Common Shares") and 833,333 common share purchase warrants (the "Warrants") of Strait Gold Corp. ("Strait"). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.15 until August 26, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 6.4% of the total issued and outstanding common shares of Strait as of August 26, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at August 26, 2010, an aggregate of 3,131,666 common shares of Strait, including the Common Shares and rights to acquire an additional 1,333,333 common shares of Strait upon exercise of certain convertible securitie
View More : http://www.marketwire.com/mw/release.do?id=1310716&sourceType=3
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