Sphere 3D Corp. (ANY): The latest on Pinetree Capital's debt -...

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Re: Hornet14 post# 16666

Sunday, 01/25/2015 7:23:52 AM

Sunday, January 25, 2015 7:23:52 AM

The latest on Pinetree Capital's debt -

http://www.pinetreecapital.com/investors/news_releases/index.php?&content_id=705

Pinetree Capital Announces Cure Of Convertible Debenture Debt Incurrence Covenant

TORONTO, Canada (December 12, 2014) - Pinetree Capital Ltd. (TSX: PNP; PNP.DB) announces that it has cured the previously-announced default of one of its debt incurrence covenants contained in the convertible debenture indenture that governs the company’s 10% convertible unsecured subordinated debentures due May 31, 2016. Pinetree has repaid the $3.3 million of additional indebtedness previously incurred in contravention of the covenant. The company’s sole indebtedness for the purpose of the covenant is currently comprised of the principle amount outstanding (plus accrued interest) on the debentures.

I bet Cyrus would love to snatch up Pinetree's shares if they ever became available!!!

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