Extension of Line of Credit Announced by Pinetree Capital

Am extension of the maturity date of its $25 million standby line of credit to December 31, 2012 was announced by Pinetree Capital Ltd. (TSX:PNP).

As quoted in the press release:

The Line is provided by the company’s Chief Executive Officer, Sheldon Inwentash, and bears interest at a rate of 1% per month on draw down amounts, has a standby fee of 0.25% on any unused portion and is secured by the company’s assets. Currently, no amount is outstanding under the Line.

Click here to read the Pinetree Capital Ltd. (TSX:PNP) press release