Pinetree Capital Ltd. Acquires Securities of Opel Technologies Inc.

Pinetree Capital Ltd. (TSX:PNP) has acquired ownership of 1,000,000 common shares and 1,000,000 common share purchase warrants of Opel Technologies Inc.

As quoted in the press release:

Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.35 until September 28, 2015. In the event that the Warrants are fully exercised, these holdings represent approximately 0.8% of the total issued and outstanding common shares of Opel as of September 28, 2012, calculated on a partially diluted basis assuming the exercise of the Warrants only.

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