Pinetree Capital Ltd. Acquires Securities of Canadian Arrow Mines Ltd.

Pinetree Capital Ltd. (TSX:PNP) reported that through a series of transactions ending on April 21, 2010, Pinetree acquired ownership of 500,000 common shares of Canadian Arrow Mines Ltd. through the facilities of the TSX Venture Exchange representing approximately 0.4% of the total issued and outstanding common shares of Canadian Arrow as of April 21, 2010.

The press release is quoted as saying:

Pinetree Capital Ltd. (“Pinetree”) was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange (“TSX”) under the symbol “PNP”. Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree’s investments are primarily in the resources sector: Uranium, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths.

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