Pinetree to bid on purchase of up to $3.75 million of convertibles

By Ashley Montgomery

Kansas City, Kan., May 7 - Pinetree Capital Ltd. said it will make a normal course issuer bid on its 8% convertible unsecured subordinated debentures due May 31, 2016, according to a news release.

The bid will be in effect from May 18, 2012 through May 17, 2013.

The company intends to purchase up to $3.75 million of its $75 million principal amount of the debentures. The debentures may be purchased in increments of up to $28,293 principal amount on each day of the bid.

Pinetree is an investment banking company based in Toronto.

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