Pinetree Capital calls C$10 million more 10% convertibles due 2016

By Wendy Van Sickle

Columbus, Ohio, July 30 – Pinetree Capital Ltd. said it is calling another C$10 million of its C$24,784,000 of outstanding 10% convertible secured debentures due May 31, 2016.

The debentures will be redeemed on a pro rata basis on Aug. 31 at par plus accrued interest, according to a press release.

The total redemption amount will be C$1,025.2054 for each C$1,000 principal amount.

Pinetree said it will use cash on hand to fund the redemption.

Pinetree is an investment banking company based in Toronto.

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