Comment: You have to keep up the VUI and it games, it is mostly Canadian owed! No to uranium mining and milling!
Posted on 04/07/11 at 11:08am by Benzinga Staff
TORONTO, ONTARIO--(Marketwire - April 7, 2011) - Pinetree Capital Ltd. (TSX:PNP), announces that on April 4, 2011, it acquired ownership of 19,500 common shares ("Common Shares") of Virginia Energy Resources Corp. ("Virginia Energy") through the facilities of the TSX Venture Exchange, representing approximately 0.02% of the total issued and outstanding common shares of Virginia Energy as of April 4, 2011.
As a result of this transaction, Pinetree held, as at April 4, 2011, an aggregate of 9,000,000 common shares of Virginia Energy, including the Common Shares, and rights to acquire an additional 850,000 common shares of Virginia Energy upon exercise of certain convertible securities (the "Convertible Securities"). In the event that the Convertible Securities are fully exercised, the holdings of Pinetree represents a total of 9,850,000 common shares of Virginia Energy, or approximately 10.0% of all issued and outstanding common shares as at April 4, 2011, calculated on a partially diluted basis assuming the exercise of the Convertible Securities only.
This transaction was made for investment purposes and Pinetree could increase or decrease its investment in Virginia Energy depending on market conditions or any other relevant factor.
Read more: http://www.benzinga.com/pressreleases/11/04/m986869/pinetree-capital-ltd-acquires-securities-of-virginia-energy-resources-in#ixzz1IzDyDFXN
