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Pinetree Capital Ltd.: Pinetree Capital Announces Additional Details Regarding Share Consolidation and Share Split
Pinetree ) today announced the filing of the management information circular (the
Circular ) for its upcoming annual and special meeting of shareholders to be held on June 30, 2021 (the
Meeting ), which contains additional details regarding Pinetree s previously announced share consolidation and share split transaction. Notice of the Meeting has been mailed to Pinetree shareholders of record at the close of business on May 11, 2021, who are entitled to attend and vote at the Meeting, and the Circular is available online under Pinetree s issuer profile at www.sedar.com and on Pinetree s website at www.pinetreecapital.com.
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Pinetree Capital Ltd.: Pinetree Capital Announces Closing of Rights Offering
TORONTO, ON / ACCESSWIRE / May 17, 2021 / Pinetree Capital Ltd. (TSX:PNP) (
Pinetree ) today announced the closing of its previously announced rights offering. Under the rights offering, rights holders purchased an aggregate of 9,420,198 common shares of Pinetree (
Common Shares ) at a subscription price of C$1.85 per Common Share for aggregate gross proceeds of approximately C$17.4 million, the net proceeds of which will be used by Pinetree for general corporate purposes, including to make additional investments. No fees or commissions were paid in connection with the rights offering. However, Pinetree incurred approximately C$150,000 of expenses in connection with the rights offering.
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