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Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended June 30, 2021
TORONTO, ON / ACCESSWIRE / August 6, 2021 / Pinetree Capital Ltd. (TSX:PNP) ('Pinetree' or t...
About this update from Pinetree Capital Ltd.
[{"type":"text","content":"Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended June 30, 2021TORONTO, ON / ACCESSWIRE / August 6, 2021 / Pinetree Capital Ltd. (TSX:PNP) ('Pinetree' or the 'Company') today announced its financial results for the three and six months ended June 30, 2021. All financial information provided in this press release is unaudited and all figures are in $'000 except per share amounts and shares outstanding. The information below does not account for the 100:1 consolidation and 1:50 share split of the common shares which occurred on July 12, 2021.Unaudited financial results for the period ended June 30, 2021The following information should be read in conjunction with our annual audited Consolidated Financial Statements, prepared in accordance with International Financial Reporting Standards ('IFRS') and our annual Management Discussion and Analysis for the year ended December 31, 2020, which can be found on SEDAR at www.sedar.com.Selected Financial Information As at June 30, 2021 As at December 31, 2020Total assets$39,865 $19,484Total liabilities 385 383Book Value 39,480 19,101Shares outstanding 18,840,396 9,045,198Book Value per share (BVPS)$2.10 $2.11 Shares Outstanding Book Value (BV)1 OpEx1(excluding F/X gain/loss)2 Book Value per share - (BVPS)1 Quarterly OpEx as percentage BV1 $'000s $'000s $ % Jun-30-21 18,840,396 39,480 231 2.10 0.6 Mar-31-21 9,420,198 21,904 165 2.33 0.7 Dec-31-20 9,045,198 19,101 109 2.11 0.6 Sep-30-20 9,045,198 16,493 106 1.82 0.6 Jun-30-20 9,045,198 15,399 121 1.70 0.8 Mar-31-20 9,045,198 15,540 117 1.72 0.8 Dec-31-19 9,045,198 17,898 155 1.98 0.9 Sep-30-19 9,045,198 17,295 80 1.91 0.5 1 Refer to \"Use of Non-IFRS Financial Measures\"Shares Outstanding and Book Value amounts are as at the Quarter End dateOperating Expenses amounts are for the Three months ending the Quarter End date2 Operating Expenses do not include Foreign Exchange gain (loss) on financial assets other than investmentsAs at June 30, 2021, Pinetree's BVPS was $2.10 as compared to $2.11 as at December 31, 2020, representing a decrease of $0.01 or 0.5%. This represented a sequential decrease of $0.23 or 10% from $2.33 as of March 31. The decline was primarily due to the dilutive effects of the financing which occurred in the quarter as described below. Excluding the effects of the financing, Pinetree's BVPS woul...