TORONTO, Ontario (September 10, 2009)
� Pinetree Capital Ltd. (TSX: PNP), announces that on
September 2, 2009, it acquired ownership of 2,083,333 common shares (�Common
Shares�) of Lomiko Metals Inc. (�Lomiko�) and 1,041,666 common share purchase
warrants (the �Warrants�). Each Warrant entitles the holder thereof to
acquire one additional common share until March 2, 2011, at a price of
$0.20. In the event that the Warrants are fully exercised, these
holdings represent approximately 7.6% of the total issued and outstanding
common shares of Lomiko as of September 2, 2009, calculated on a partially
diluted basis assuming the exercise of the Warrants only. As a result
of this transaction, Pinetree and its joint actors held, as at September 2,
2009, an aggregate of 3,833,333 common shares of Lomiko, including the Common
Shares and the Warrants. Of these totals, Pinetree directly holds the
Common Shares and the Warrants. If Pinetree and its joint actors were
to exercise all of the Warrants, their combined ownership would represent a
total of 4,874,999 common shares of Lomiko, or approximately 11.9% of such
shares outstanding as of September 2, 2009, calculated on a partially diluted
basis assuming the exercise of the Warrants only.
transactions were made for investment purposes and Pinetree and each of its
joint actors could increase or decrease their respective investments in
Lomiko depending on market conditions or any other relevant factor.
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 merchant banking firm focused on the small cap market.
Pinetree�s investments are primarily in the resources sector: Uranium, Oil
& Gas, Molybdenum, Precious Metals, Potash and Rare Earths, and Base
Metals. 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
details about Pinetree and its investments, please visit our website at www.pinetreecapital.com
Larry Goldberg, C.A.
Executive Vice President and Chief Financial Officer
Pinetree Capital Ltd.
130 King Street West, Suite 2500
Toronto, Ontario, Canada, M5X 1A9
Web Site: www.pinetreecapital.com