NEWS!!!!! Pinetree plucks up 8.7% of Golden Goose's shares
2007-05-11 10:43 ET - News Release
See News Release (C-PNP) Pinetree Capital Ltd
Mr. Larry Goldberg of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES COMMON SHARES OF GOLDEN GOOSE RESOURCES LTD.
Pinetree Capital Ltd., through a series of transactions ending on May 10, 2007, acquired ownership of 1,317,600 common shares of Golden Goose Resources Ltd. through the facilities of the TSX Venture Exchange representing approximately 3.0 per cent of the total issued and outstanding common shares of Golden Goose as of May 10, 2007.
As a result of this transaction, Pinetree and its joint actors collectively held, as at May 10, 2007, a total of 4,134,600 common shares of Golden Goose and rights to acquire an additional 250,000 common shares of Golden Goose upon the exercise of convertible securities. Of these totals, Pinetree owns a total of 3,534,600 common shares and convertible securities exercisable into an additional 250,000 common shares of Golden Goose. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 4,384,600 common shares of Golden Goose, or approximately 10.0 per cent of all issued and outstanding common shares as at May 10, 2007, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that only the 250,000 convertible securities held directly by Pinetree are fully exercised, Pinetree's direct holdings would represent approximately 8.7 per cent of all issued and outstanding common shares of Golden Goose as of May 10, 2007, calculated on a partially diluted basis assuming the exercise of the 250,000 convertible securities only.
These transactions were made for investment purposes and Pinetree and each of its joint actors could increase or decrease their respective investments in Golden Goose depending on market conditions or any other relevant factor.
We seek Safe Harbor.
