Pinetree Capital Ltd. Acquires securities of Canadian Orebodies Inc.

Pinetree Capital Ltd, announced that on November 18, 2011, it acquired ownership of 1,000,000 common shares and 500,000 common share purchase warrants of Canadian Orebodies Inc.

As quoted in the press release:

As a result of this transaction, Pinetree and its joint actors collectively held, as at November 18, 2011, an aggregate of 13,750,000 common shares of Canadian Orebodies, including the Common Shares, and rights to acquire an additional 2,000,000 common shares of Canadian Orebodies upon exercise of certain convertible securities, including the Warrants.

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