Pinetree Capital to Acquires MacDonald Mines Exploration

- March 2nd, 2010

Pinetree Capital Ltd. (TSX:PNP),reported that through a series of transactions ending on February 22, 2010, it acquired ownership of 1,000,000 common shares of MacDonald Mines Exploration Ltd. through the facilities of the TSX Venture Exchange representing approximately 0.6% of the total issued and outstanding common shares of MacDonald as of February 22, 2010.

Pinetree Capital Ltd. (TSX:PNP),reported that through a series of transactions ending on February 22, 2010, it acquired ownership of 1,000,000 common shares of MacDonald Mines Exploration Ltd. through the facilities of the TSX Venture Exchange representing approximately 0.6% of the total issued and outstanding common shares of MacDonald as of February 22, 2010.

The press release is quoted as saying:

As a result of this transaction, Pinetree and its joint actors held, as at February 22, 2010, an aggregate of 25,306,000 common shares of MacDonald and convertible securities exercisable into 4,700,000 common shares of MacDonald (the “Convertible Securities”).

Click here to access the entire press release

Click here to access Pinetree Minerals Corporate Site

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