Pinetree Capital Ltd. (TSX:PNP), reported that on April 13, 2010,the company acquired ownership of 2,738,220 common shares and 1,369,110 common share purchase warrants of Brownstone Ventures Inc. .

The press release is quoted as saying:

Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.75 until April 13, 2012. In the event that the Warrants are fully exercised, these holdings represent approximately 4.7% of the total issued and outstanding common shares of Brownstone as of April 13, 2010, calculated on a partially diluted basis assuming the exercise of the Warrants only.

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Click here to access Pinetree Capital Ltd. Corporate Site

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