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    Pinetree Capital Acquires 500,000 Common Shares of Northair

    Investing News Network
    Feb. 29, 2012 02:25PM PST
    Resource Investing

    Pinetree Capital Ltd.(TSX:PNP) announced its acquisition of 500,000 common shares of International Mines Ltd. The Company has now acquired approximately 0.7% of the total issued and outstanding common shares of Northair.

    Pinetree Capital Ltd.(TSX:PNP) announced its acquisition of 500,000 common shares of International Northair Mines Ltd. The Company has now acquired approximately 0.7% of the total issued and outstanding common shares of Northair.

    As quoted in the press release:

    As a result of this transaction, Pinetree and its joint actor collectively held, as at February 28, 2012, an aggregate of 9,845,500 common shares of Northair, including the Common Shares, and rights to acquire an additional 1,000,000 common shares of Northair upon exercise of certain convertible securities.

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


    Click here to see the Pinetree Capital Ltd. (TSX:PNP) profile.

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