Pinetree Capital closes rights offering

On June 29, 2017, Pinetree Capital Ltd. ("Pinetree") announced the closing of its previously announced rights offering. Under the rights offering, rights holders purchased an aggregate of 4,522,599 common shares of Pinetree at a subscription price of C$2.10 per common share for aggregate gross proceeds of C$9,497,457.90.

The net proceeds will be used by Pinetree to fund the acquisition of additional portfolio investments.

Pinetree is an investment and merchant banking firm focused on the small cap market, with investments in technology and resource companies.

Further information can be found on Marketwired's website.