Pinetree Capital Ltd. Acquires Securities of Mesa Uranium Corp.

- November 24th, 2009

Pinetree Capital Ltd. reports it acquired ownership of 1,000,000 common shares of Mesa Uranium Corp. and 500,000 common share purchase warrants on Nov 20th, 2009. Each Warrant entitles the holder to purchase one additional common share at a price of $0.30 per share until November 20, 2011. In the event that the Warrants are fully exercised, these holdings represent approximately … Continued

Pinetree Capital Ltd. reports it acquired ownership of 1,000,000 common shares of Mesa Uranium Corp. and 500,000 common share purchase warrants on Nov 20th, 2009.

Each Warrant entitles the holder to purchase one additional common share at a price of $0.30 per share until November 20, 2011. In the event that the Warrants are fully exercised, these holdings represent approximately 13.5% of the total issued and outstanding common shares of Mesa as of November 20, 2009, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree held, as at November 20, 2009, an aggregate of 1,544,833 common shares of Mesa, including the Common Shares, and the Warrants. In the event that the Warrants are fully exercised, the holdings of Pinetree represents a total of 2,044,833 common shares of Mesa, or approximately 18.5% of all issued and outstanding common shares as at November 20, 2009, calculated on a partially diluted basis assuming the exercise of the Warrants only. 

For complete details of this press release, click this link.

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