GOLD STOCK OF THE FUTURE Pinetree Capitoal Ltd.
Pinetree was incorporated under the laws of the Province of Ontario and its shares are publicly traded on the Toronto Stock Exchange (the "TSX") under the symbol "PNP". Pinetree is a diversified investment, financial advisory and venture capital firm focused on investing in early stage micro and small cap resource companies. Pinetree's investments are primarily in the following resource sectors: Precious Metals, Base Metals Oil & Gas, Potash, Lithium and Rare Earths, Uranium and Coal. Pinetree's investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities. Pinetree is recognized as a value added partner in the resource industry.
Net Asset Value Per Share as at January 31, 2014: $0.80 (unaudited)
Pinetree Capital Ltd. Acquires Securities Of Sphere 3D Corporation
TORONTO, Canada (March 3, 2014) Pinetree Capital Ltd. (TSX: PNP), announces that on February 28, 2014, it acquired ownership of 38,200 common shares (“Common Shares”) of Sphere 3D Corporation (“Sphere”) representing approximately 0.02% of the total issued and outstanding common shares of Sphere as of February 28, 2014. As a result of this transaction, Pinetree and its joint actors collectively held, as at February 28, 2014, an aggregate of 1,924,500 common shares of Sphere, including the Common Shares, and rights to acquire an additional 300,000 common shares of Sphere upon exercise of certain convertible securities (the “Convertible Securities”). Of these totals, Pinetree owns 1,076,800 common shares, including the Common Shares, and the 250,000 of the Convertible Securities directly (the “Pinetree Convertible Securities”). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 2,224,500 common shares of Sphere, or approximately 10.1% of all issued and outstanding common shares as at February 28, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Pinetree Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 1,326,800 common shares of Sphere, or approximately 6.1% of all issued and outstanding common shares as at February 28, 2014, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. Look Here for a list of investments by name: http://www.pinetreecapital.com/investments/investees_name/
Portfolio Sector Breakout
(Percentages are of total portfolio fair value)