Securities of Uranium North Resources Corp. Acquired by Pinetree Capital Ltd.

On January 16, 2012, Pinetree Capital Ltd. (TSX:PNP) acquired ownership of 750,000 common shares of Uranium North Resources Corp. (“Uranium North”) through the facilities of the TSX Venture Exchange representing approximately 0.9% of the total issued and outstanding common shares of Uranium North.

As quoted in the press release:

As a result of this transaction, Pinetree held, as at January 16, 2012, an aggregate of 8,500,000 common shares of Uranium North, including the Common Shares, and rights to acquire an additional 750,000 common shares of Uranium North upon exercise of certain convertible securities (the “Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 9,250,000 common shares of Uranium North, or approximately 10.7% of all issued and outstanding common shares as at January 16, 2012, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.

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