Pinetree increases private placement financing

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Pinetree increases private placement financing

posted on Apr 17, 2014 11:30AM

Interesting. Wonder if the market is requesting this increase as another way to partake in Pinetree's tech picks

Pinetree Capital Announces Increase in Financing to $10.5 Million

TORONTO, CANADA--(Marketwired - April 17, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Pinetree Capital Ltd. ("Pinetree" or the "company") (TSX:PNP) is pleased to announce that it has increased the size of its proposed non-brokered private placement to up to 23,333,333 units (the "Units") at a price of $0.45 per Unit, for aggregate gross proceeds of up to $10.5 million (the "Financing").

Pinetree insiders may subscribe for up to a maximum of $3.5 million or 7,777,777 Units.

All other terms of the Financing disclosed in the company's press release of April 16, 2014 remain the same.

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