Pinetree Capital Acquires Securities of Resinco Capital Partners Inc.

Pinetree Capital Ltd. (TSX:PNP), reported that through a series of transactions ending on March 19, 2010, Pinetree acquired ownership of 213,500 common shares of Resinco Capital Partners Inc. through the facilities of the Toronto Stock Exchange representing approximately 0.2% of the total issued and outstanding common shares of Resinco as of March 18, 2010.

The press release is quoted as saying:

As a result of this transaction, Pinetree held, as at March 19, 2010, an aggregate of 9,106,500 common shares of Resinco, including the Common Shares and rights to acquire an additional 6,250,000 common shares of Resinco upon the exercise of convertible securities (collectively, the “Convertible Securities”).

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