Macusani Yellowcake Inc. Securities Acquired by Pinetree Capital Ltd.

Pinetree Capital Ltd. (TSX:PNP) announced that it acquired ownership of 9,286,133 common shares and 2,766,666 common share purchase warrants of Macusani Yellowcake Inc.

As quoted in the press release:

In the event that the Warrants are fully exercised, these holdings represent approximately 7.1% of the total issued and outstanding common shares of Macusani as of April 13, 2012, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at April 13, 2012, an aggregate of 20,039,633 common shares of Macusani, including the Common Shares, and rights to acquire an additional 4,766,666 common shares of Macusani upon exercise of certain convertible securities (the “Convertible Securities”), including the Warrants. Of these totals, Pinetree owns 16,936,633 common shares, including the Common Shares, and the Convertible Securities directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 24,806,299 common shares of Macusani, or approximately 14.4% of all issued and outstanding common shares as at April 13, 2012, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 21,703,299 common shares of Macusani, or approximately 12.6% of all issued and outstanding common shares as at April 13, 2012, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

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