Latin American Minerals Inc., a Toronto, Ontario-based company focused on acquisition and development opportunities in the mining sectors of Central and South America, has received an investment from Canadian private equity firm Pinetree Capital. Upon completion of the transaction, Pinetree, which chiefly invests in mining and other resource companies, will have direct holdings in Latin American of up to 22.4% of all issued and outstanding common shares.
Pinetree Capital Ltd. Acquires Securities of Latin American Minerals Inc.
TORONTO, CANADA–(Marketwire – Feb. 6, 2013) – Pinetree Capital Ltd. (TSX:PNP) announces that on February 6, 2013, it acquired ownership of 1,500,000 common shares (“Common Shares”) and 1,500,000 common share purchase warrants (the “Warrants”) of Latin American Minerals Inc. (“Latin American”). Each Warrant entitles the holder thereof to acquire one additional common share at a price of $0.20 until February 4, 2015. In the event that the Warrants are fully exercised, these holdings represent approximately 3.2% of the total issued and outstanding common shares of Latin American as of February 6, 2013, calculated on a partially diluted basis assuming the exercise of the Warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at February 6, 2013, an aggregate of 18,550,500 common shares of Latin American, including the Common Shares, and rights to acquire an additional
3,500,000 common shares of Latin American upon exercise of certain convertible securities (the “Convertible Securities”), including the Warrants. Of these totals, Pinetree owns 18,200,000 common shares, including the Common Shares, and the Convertible Securities directly. In the event that the Convertible Securities are fully exercised, the holdings of Pinetree and its joint actors represents a total of 22,050,500 common shares of Latin American, or approximately 22.8% of all issued and outstanding common shares as at February 6, 2013, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only. In the event that the Convertible Securities are fully exercised, the direct holdings of Pinetree represents a total of 21,700,000 common shares of Latin American, or approximately 22.4% of all issued and outstanding common shares as at February 6, 2013, calculated on a partially diluted basis
assuming the exercise of the Convertible Securities only.
These transactions were made for investment purposes and Pinetree or its joint actors could increase or decrease their investment in Latin American depending on market conditions or any other relevant factor.
Pinetree Capital Ltd. (“Pinetree”) was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange (“TSX”) under the symbol “PNP”. Pinetree is a diversified investment and venture capital firm focused on the small cap market. Pinetree’s investments are primarily in the resources sector: Precious Metals, Base Metals, Oil and Gas, Potash, Lithium and Rare Earths, Uranium and Coal. Pinetree’s investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities. Pinetree is recognized as a value-added partner in the resource industry.
Pinetree Capital Ltd.
Sheldon Inwentash, CPA, CA.
Chairman & CEO
Pinetree Capital Ltd.
Gerry Feldman, CPA, CA.
CFO & Vice President, Corporate Development
Investor Relations: Pinetree Capital Ltd.
Richard Patricio, LL.B.
Vice President, Legal and Corporate Affairs
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