Pinetree Capital to Acquires MacDonald Mines Exploration

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”).

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