May 12, 2017 / 8:38 PM / 3 months ago

BRIEF-Pinetree Capital announces rights offering

May 12 (Reuters) - Pinetree Capital Ltd:

* Pinetree Capital announces rights offering

* Pinetree Capital -each holder of common shares as at record date will receive one transferable right for each common share held

* Pinetree Capital -each right will entitle holder to subscribe for one common share at c$2.10 per common share during exercise period

* Pinetree Capital Ltd says net asset value per common share as at march 31, 2017 was $2.25

* Pinetree Capital Ltd says a maximum of 4.5 million common shares will be issued pursuant to rights offering Source text for Eikon: Further company coverage:

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