- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Pinetree Capital Ltd. Acquires Securities of La Quinta Resources Corporation
Pinetree Capital Ltd. (TSE:PNP) acquires ownership of 2,000,000 common shares and 2,000,000 common share purchase warrants of La Quinta Resources Corporation.
Pinetree Capital Ltd. (TSX:PNP) acquires ownership of 2,000,000 common shares and 2,000,000 common share purchase warrants of La Quinta Resources Corporation.
The press release is quoted as saying:
Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.10 until May 9, 2011 and at a price of $0.15 until November 9, 2011. In the event that the Warrants are fully exercised, these holdings represent approximately 5.8% of the total issued and outstanding common shares of La Quinta as of November 16, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at November 16, 2010, an aggregate of 7,999,500 common shares of La Quinta, including the Common Shares, and rights to acquire an additional 2,000,000 common shares of La Quinta upon exercise of certain convertible securities, including the Warrants (the “Convertible Securities”).
Click here to access the entire press release
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.