Transaction|May 17, 2021
Pinetree Capital completes rights offering
Torys acted as counsel to Pinetree with a team that included Michael Zackheim and David Forrester (corporate/securities).
On May 17, 2021, Pinetree Capital Ltd. ("Pinetree") completed its previously announced rights offering. Under the rights offering, rights holders purchased an aggregate of 9,420,198 common shares at a subscription price of C$1.85 per common share for aggregate gross proceeds of approximately C$17.4 million, the net proceeds of which will be used by Pinetree for general corporate purposes, including to make additional investments.
Further information can be found on ACCESSWIRE’s website.
Pinetree is a value-oriented investment and merchant banking company focused on the technology sector.