Securities of AM Gold Inc. Acquired by Pinetree Capital

Through the facilities of the TSX Venture Exchange, Pinetree Capital Ltd. (TSX:PNP) acquired ownership of 201,500 common shares of AM Gold Inc. on January 31, 2012.

As quoted in the press release:

As a result of this transaction, Pinetree held, as at January 31, 2012, an aggregate of 6,500,000 common shares of AM Gold, including the Common Shares, and rights to acquire an additional 500,000 common shares of AM Gold 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 7,000,000 common shares of AM Gold, or approximately 10.1% of all issued and outstanding common shares as at January 31, 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