Pinetree Capital Acquires Securities of Bear Lake Gold Ltd

Pinetree Capital Ltd. (TSX:PNP), reported that through a series of transactions ending on April 5, 2010, Pinetree acquired ownership of 1,939,000 common shares of Bear Lake Gold Ltd. through the facilities of the TSX Venture Exchange representing approximately 2.2% of the total issued and outstanding common shares of Bear Lake as of April 5, 2010.

The press release is quoted as saying:

As a result of this transaction, Pinetree held, as at April 5, 2010, an aggregate of 11,295,000 common shares of Bear Lake, including the Common Shares, and rights to acquire an additional 1,750,000 common shares of Bear Lake upon the exercise of convertible securities (collectively, the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represent a total of 13,045,000 common shares of Bear Lake, or approximately 14.2% of all issued and outstanding common shares as at April 5, 2010, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

Click here to access the entire press release

Click here to access Pinetree Capital Corporate Site