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Pinetree Capital Ltd. (TSX:PNP) announces that its 8% convertible unsecured subordinated debentures maturing May 31, 2016, which were issued under its private placement that closed on May 17, 2011, will be listed on the Toronto Stock Exchange commencing at the opening of trading on September 19, 2011 and will trade under the symbol “PNP.DB”.
An aggregate of $75,000,000 principal amount of debentures will be listed. The debentures are convertible at the holder’s option into common shares of Pinetree at any time prior to the close of business on the earlier of the maturity date and the business day immediately preceding the date, if any, fixed for redemption of the debentures by Pinetree, at a conversion price of $4.25 per common share, being a ratio of 235.2941 common shares per $1,000 principal amount of debentures converted (provided that no fractional shares will be issued), subject to adjustment in certain events.
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