Pinetree Capital Ltd (CRazzNP)
Shares Issued 97,114,148
Last Close 6/22/2007 $10.06
Monday June 25 2007 - News Release
Also Ascendant Copper Corp (C:ACX) News Release
Mr. Larry Goldberg reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF ASCENDANT COPPER CORPORATION
Pinetree Capital Ltd., on June 22, 2007, acquired ownership of seven million common shares of Ascendant Copper Corp. and 3.5 million common share purchase warrants. Each warrant entitles the holder thereof to acquire one additional common share at a price of 65 cents until June 22, 2009. In the event that the warrants are fully exercised, these holdings represent approximately 14.1 per cent of the total issued and outstanding common shares of Ascendant as of June 22, 2007, calculated on a partially diluted basis, assuming the exercise of the warrants only.
These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Ascendant depending on market conditions or any other relevant factor.
© 2007 Canjex Publishing Ltd.
