Pinetree Capital Acquires Securities of Bear Lake Gold

Pinetree Capital reports its acquiring of  1,939,000 common shares of Bear Lake Gold Ltd.

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.

For complete news release, click here.

For Pinetree Capital’s company profile, click here.