Pinetree Capital Announces Acquisition of Darwin Resources Corp Securities

Pinetree Capital Ltd.(TSX:PNP) announced the acquisition of securities of Darwin Resources Corp. The Company acquired 1,817,033 common shares of Darwin Resources Corp.

As quoted in the press release:

As a result of this transaction, Pinetree held, as at April 30, 2012, an aggregate of 3,067,033 common shares of Darwin, including the Common Shares, and rights to acquire an additional 625,000 common shares of Darwin upon exercise of certain convertible securities (the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 3,692,033 common shares of Darwin, or approximately 13.8% of all issued and outstanding common shares as at April 30, 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