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Pinetree Capital announces rights offering
Pinetree Capital announces rights offering Pinetree Capital announces rights offer...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"\n\n\n\nPinetree Capital announces rights offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen2{\nBORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: TOP; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n\n\n\n\n\n\nPinetree Capital announces rights offering\nCanada NewsWire\nTORONTO, March 9, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, March 9, 2016 /CNW/ - Pinetree Capital Ltd. (TSX: \"PNP\") announces that it will be offering rights to holders of its common shares at the close of business on the record date of March 23, 2016, on the basis of one right for each common share held. Each right will entitle the holder to subscribe for one common share of Pinetree upon payment of the subscription price of $0.025 per common share.  The rights offering will be conducted in Canada only.\n\nThe rights will trade on the Toronto Stock Exchange under the symbol PNP.RT commencing on March 21, 2016 and until noon on April 22, 2016 and the rights will expire at 4:00 p.m. (Toronto time) on April 22, 2016 (the \"Expiry Time\"), after which time unexercised rights will be void and of no value.  Shareholders who fully exercise their rights will be entitled to subscribe for additional common shares, if available as a result of unexercised rights prior to the Expiry Time, subject to certain limitations set out in Pinetree's rights offering circular.\n\nDetails of the rights offering will be set out in the rights offering notice and rights offering circular which will be available under Pinetree's profile at www.sedar.com. The rights offering notice and accompanying rights certificate will b...