Pinetree Capital Ltd. Acquires Securities of Caledonia Mining Corporation

Pinetree Capital Ltd. (TSX:PNP) announced that on November 11, 2011, it acquired ownership of 290,000 common shares of Caledonia Mining Corporation through the facilities of the TSX Venture Exchange, representing approximately 0.06% of the total issued and outstanding common shares of Caledonia.

As quoted in the press release:

As a result of this transaction, Pinetree and its joint actors collectively held, as at November 11, 2011, an aggregate of 50,263,000 common shares of Caledonia, including the Common Shares, or approximately 10.04% of the total issued and outstanding common shares of Caledonia as of November 11, 2011. Of these totals, Pinetree owns 48,250,000 common shares, including the Common Shares, directly, or approximately 9.6% of the total issued and outstanding common shares of Caledonia as of November 11, 2011.

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