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Additional Information
Market: TSX
Sector: Financial
EPIC: PNP
Latest Price: 0.92  (-5.21% Descending)
52-week High: 3.05
52-week Low: 0.89
Market Cap: 125.53M
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Pinetree Capital
www.pinetreecapital.com

Pinetree Capital Ltd. is a diversified investment, financial advisory and merchant banking company focused on the small-cap, junior resource exploration market. Pinetree’s investments are primarily in resource sectors, such as uranium, oil and gas, precious metals, base metals and potash, lithium and rare earths. Pinetree also has investments in the biotechnology, energy related technology, and technology sectors.

Full Pinetree Capital profile here
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Pinetree boosts its shareholding in Lithium Americas to 10%

21st Dec 2010, 2:18 pm
Pinetree boosts its shareholding in Lithium Americas to 10%

Small-cap investor Pinetree Capital (TSX: PNP) said Tuesday that it has increased its stake in  Lithium Americas (TSX:LAC), a company focused on the development of lithium and potash projects in Argentina, to around 10%.

Pinetree said the acquisition was made through a series of transactions that ended last Friday, when it bought 506,300 common shares of the company for a 0.7% interest.

As a result of the transaction, Pinetree and its "joint actors" collectively held 10.3% of the company at December 17, 2010, including warrants, on a partially diluted basis.

Lithium Americas recently filed an updated resource estimate for its Cauchari-Olaroz property in Argentina, identifying the third largest lithium brine deposit in the world.  Now in the development phase, a preliminary economic assessment is targeted for the first quarter of next year.

Pinetree's investments are primarily in the resources sectors of Uranium and Coal, Oil & Gas, Precious Metals, Base Metals and Potash, Lithium and Rare Earths.

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