January 13, 2012
TORONTO, Canada (January 13, 2012) Pinetree Capital Ltd. (TSX: PNP), announces that as at December 31, 2011, Pinetree's unaudited net asset value per share ("NAV") was $2.61.
NAV is calculated as at a particular date and is, by its nature, historical, and may not be reflective of Pinetree's future performance.
Pinetree discloses an unaudited monthly NAV within 15 days after the month-end. The latest month-end NAV and more details about Pinetree and its investments can be found on Pinetree's website at .
Use of Non-IFRS Financial Measures
NAV is a non-IFRS (international financial reporting
standards) measure calculated as the value of total assets
less the value of total liabilities divided by the total
number of common shares outstanding as at a specific date.
The term NAV does not have any standardized meaning
according to IFRS and therefore may not be comparable to
similar measures presented by other companies. There
is no comparable IFRS measure presented in Pinetree's
consolidated financial statements and thus no applicable
quantitative reconciliation for such non-IFRS financial
measure. The Company has calculated NAV consistently for
many years and believes that NAV can provide information
useful to its shareholders in understanding its
performance, and may assist in the evaluation of its
business relative to that of its peers.
About Pinetree
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.
Investor Relations: | |
Sheldon Inwentash | Richard Patricio |
Chairman & CEO | Vice President, Legal and Corporate Affairs |
Pinetree Capital Ltd. | Pinetree Capital Ltd. |
130 King Street West, Suite 250 | |
Gerry Feldman | Toronto, Ontario, Canada, M5X 1A9 |
CFO & Vice President, Corporate Development | Phone: 416-941-9600 |
Pinetree Capital Ltd. |
Email: ir@pinetreecapital.com |
January 13, 2012
TORONTO, Canada (January 13, 2012) Pinetree Capital Ltd. (TSX: PNP), announces that as at December 31, 2011, Pinetree's unaudited net asset value per share ("NAV") was $2.61.
NAV is calculated as at a particular date and is, by its nature, historical, and may not be reflective of Pinetree's future performance.
Pinetree discloses an unaudited monthly NAV within 15 days after the month-end. The latest month-end NAV and more details about Pinetree and its investments can be found on Pinetree's website at .
Use of Non-IFRS Financial Measures
NAV is a non-IFRS (international financial reporting
standards) measure calculated as the value of total assets
less the value of total liabilities divided by the total
number of common shares outstanding as at a specific date.
The term NAV does not have any standardized meaning
according to IFRS and therefore may not be comparable to
similar measures presented by other companies. There
is no comparable IFRS measure presented in Pinetree's
consolidated financial statements and thus no applicable
quantitative reconciliation for such non-IFRS financial
measure. The Company has calculated NAV consistently for
many years and believes that NAV can provide information
useful to its shareholders in understanding its
performance, and may assist in the evaluation of its
business relative to that of its peers.
About Pinetree
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.
Investor Relations: | |
Sheldon Inwentash | Richard Patricio |
Chairman & CEO | Vice President, Legal and Corporate Affairs |
Pinetree Capital Ltd. | Pinetree Capital Ltd. |
130 King Street West, Suite 250 | |
Gerry Feldman | Toronto, Ontario, Canada, M5X 1A9 |
CFO & Vice President, Corporate Development | Phone: 416-941-9600 |
Pinetree Capital Ltd. |
Email: ir@pinetreecapital.com |
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