PNPFF News Alert Pinetree Capital Ltd (PNPFF) 0.0683 02/15/2015
Post# of 64074
Posted On: 02/15/2015 9:47:42 AM
Pinetree Capital Ltd (PNPFF) 0.0683 $PNPFF
Pinetree Capital Ltd. Announces Forbearance Agreement With Convertible Debenture Holders
Marketwired - Fri Feb 13, 4:49PM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it has entered into a forbearance agreement (the "Forbearance Agreement"
with Equity Financial Trust Company, as trustee on behalf of the holders (the "Debentureholders" of the Company's 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" , in connection with the "Event of Default" currently existing under the debenture indenture governing the Debentures (the "Indenture" . The Event of Default resulted from Pinetree's breach effective October 31, 2014 of the covenant in the Indenture that prohibits its debt-to-assets ratio from exceeding 33% as at the end of each month (the "Covenant" .
PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Simcor Canada Holdings Inc. announces filing of Early Warning Report in respect of Manitex Capital Inc.
CNW Group - Fri Feb 13, 1:59PM CST
This news release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report ("Early Warning Report" regarding the acquisition by Simcor Canada Holdings Inc. ("Simcor" , a holding company controlled by Mr. Steven Saviuk, Chairman and CEO of Manitex Capital Inc. ("Manitex" or the "Corporation" , of 1,016,406 common shares of Manitex (the "Acquired Shares" at a price of $0.30 per Acquired Share from Pinetree Capital Inc. on February 12, 2015 (the "Acquisition" . Simcor's registered office is located at 16 667, Hymus Boulevard in Kirkland, Quebec.
MNX.VN: 0.350 (unch)
Pinetree Capital Ltd. Announces Further Extension to Term Sheet With Supporting Debentureholders
Marketwired - Wed Feb 11, 11:20AM CST
Pinetree Capital Ltd. ("Pinetree" or the "Company" (TSX: PNP)(TSX: PNP.DB) announces that the Company and certain holders (the "Supporting Debentureholders" of its 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" have agreed to further extend the deadline for the completion of a forbearance agreement and related matters set out in their previously-announced term sheet, from February 6, 2015 to February 13, 2015. Additionally, until the earlier of the execution of the forbearance agreement and February 13, 2015, the Supporting Debentureholders will not exercise any rights or remedies that they may have under the indenture governing the Debentures, or otherwise, in respect of the existing event of default under the indenture (which arose from the breach of one of the Company's debt covenants), and will direct the trustee to cancel any declaration that may be made by the trustee that the principal of and interest on the Debentures is due and payable in connection with the event of default.
PNP.TO: 0.08 (unch)
Pinetree Capital Ltd. Announces Extension to Term Sheet With Supporting Debentureholders
Marketwired - Mon Feb 02, 11:04AM CST
Pinetree Capital Ltd. ("Pinetree" or the "Company" (TSX: PNP)(TSX: PNP.DB) announces that the Company and certain holders (the "Supporting Debentureholders" of its 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" have agreed to extend the deadline for the completion of a forbearance agreement and related matters set out in their previously-announced term sheet, from January 30, 2015 to February 6, 2015. Additionally, until the earlier of the execution of the forbearance agreement and February 6, 2015, the Supporting Debentureholders will not exercise any rights or remedies that they may have under the indenture governing the Debentures, or otherwise, in respect of the existing event of default under the indenture (which arose from the breach of one of the Company's debt covenants), and will direct the trustee to cancel any declaration that may be made by the trustee that the principal of and interest on the Debentures is due and payable in connection with the event of default.
PNP.TO: 0.08 (unch)
IIROC Trade Resumption - Pinetree Capital Ltd.
Newsfile Corp - Mon Jan 26, 10:40AM CST
Trading resumes in:
Pinetree Capital Ltd. Provides Update on Convertible Debentures
Marketwired - Mon Jan 26, 10:27AM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it has reached an agreement with certain holders (the "Supporting Debentureholders" of its 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" in respect of the company's existing default of the debt covenant contained in the debenture indenture governing the Debentures (the "Indenture" , which prohibits Pinetree's debt-to-assets ratio from exceeding 33% as at the end of each month (the "Covenant" . As of January 23, 2015, the current default of the Covenant became an "Event of Default" under the Indenture when the default was neither cured nor waived by that date.
PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
IIROC Trade Halt - Pinetree Capital Ltd.
Newsfile Corp - Fri Jan 23, 8:10AM CST
The following issues have been halted by IIROC:
A Mine Is A Terrible Thing To Waste
Bob Moriarty - at Seeking Alpha - Tue Jan 20, 2:28PM CST
I was on the way to the field last week when the news came out about the surprise Swiss move to sever the tie with the price of the Euro. I suspect that move will be identified as the beginning of the end. In a matter of minutes, the value of the...
CDE: 7.27 (+0.07)
Pinetree Capital Ltd. to Suspend Disclosure of Monthly Net Asset Value Per Share
Marketwired - Wed Jan 14, 3:00PM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it is temporarily suspending the company's practice of publicly disclosing its unaudited net asset value per share ("NAV" as at the end of each month, commencing with the December 2014 calculation, pending completion of the company's audited financial statements for the year ended December 31, 2014. Pinetree will resume disclosing its monthly unaudited NAV once the financial statements are finalized. The statements must be publicly filed by March 31, 2015.
PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Pinetree Capital Ltd. Announces Unaudited November 30, 2014 Net Asset Value Per Share of $0.46
Marketwired - Mon Dec 15, 7:03AM CST
Pinetree Capital Ltd. (TSX: PNP) announces that as at November 30, 2014, Pinetree's unaudited net asset value per share ("NAV" was $0.46.
PNP.TO: 0.08 (unch)
Pinetree Capital Announces Cure of Convertible Debenture Debt Incurrence Covenant
Marketwired - Fri Dec 12, 8:44AM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it has cured the previously-announced default of one of its debt incurrence covenants contained in the convertible debenture indenture that governs the company's 10% convertible unsecured subordinated debentures due May 31, 2016. Pinetree has repaid the $3.3 million of additional indebtedness previously incurred in contravention of the covenant. The company's sole indebtedness for the purpose of the covenant is currently comprised of the principle amount outstanding (plus accrued interest) on the debentures.
PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Pinetree Capital Provides Update on Convertible Debenture Debt Incurrence Covenant
Marketwired - Wed Dec 03, 11:28AM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that further to its December 2, 2014 press release, Equity Financial Trust Company, as trustee under the convertible debenture indenture dated May 17, 2011, as supplemented by the first supplemental indenture dated December 11, 2012 and the second supplemental indenture dated September 12, 2013 (collectively, the "Indenture" , in each case, between the company and Equity Financial, which govern Pinetree's 10% convertible unsecured subordinated debentures due May 31, 2016, has given notice to Pinetree pursuant to the Indenture that the company is in default of the debt covenant which prohibits Pinetree from incurring additional indebtedness if, after giving effect thereto, the aggregate amount of the company's debt would exceed 33% of the total value of its assets, as reflected on its (unaudited) consolidated balance sheet as at the last day of the immediately preceding month. As Pinetree previously announced, it incurred $3.3 million of additional indebtedness in contravention of the covenant.
PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Pinetree Capital Ltd. Announces Forbearance Agreement With Convertible Debenture Holders
Marketwired - Fri Feb 13, 4:49PM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it has entered into a forbearance agreement (the "Forbearance Agreement"
with Equity Financial Trust Company, as trustee on behalf of the holders (the "Debentureholders" of the Company's 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" , in connection with the "Event of Default" currently existing under the debenture indenture governing the Debentures (the "Indenture" . The Event of Default resulted from Pinetree's breach effective October 31, 2014 of the covenant in the Indenture that prohibits its debt-to-assets ratio from exceeding 33% as at the end of each month (the "Covenant" . PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Simcor Canada Holdings Inc. announces filing of Early Warning Report in respect of Manitex Capital Inc.
CNW Group - Fri Feb 13, 1:59PM CST
This news release is being disseminated as required by National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report ("Early Warning Report"
regarding the acquisition by Simcor Canada Holdings Inc. ("Simcor" , a holding company controlled by Mr. Steven Saviuk, Chairman and CEO of Manitex Capital Inc. ("Manitex" or the "Corporation" , of 1,016,406 common shares of Manitex (the "Acquired Shares" at a price of $0.30 per Acquired Share from Pinetree Capital Inc. on February 12, 2015 (the "Acquisition" . Simcor's registered office is located at 16 667, Hymus Boulevard in Kirkland, Quebec. MNX.VN: 0.350 (unch)
Pinetree Capital Ltd. Announces Further Extension to Term Sheet With Supporting Debentureholders
Marketwired - Wed Feb 11, 11:20AM CST
Pinetree Capital Ltd. ("Pinetree" or the "Company"
(TSX: PNP)(TSX: PNP.DB) announces that the Company and certain holders (the "Supporting Debentureholders" of its 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" have agreed to further extend the deadline for the completion of a forbearance agreement and related matters set out in their previously-announced term sheet, from February 6, 2015 to February 13, 2015. Additionally, until the earlier of the execution of the forbearance agreement and February 13, 2015, the Supporting Debentureholders will not exercise any rights or remedies that they may have under the indenture governing the Debentures, or otherwise, in respect of the existing event of default under the indenture (which arose from the breach of one of the Company's debt covenants), and will direct the trustee to cancel any declaration that may be made by the trustee that the principal of and interest on the Debentures is due and payable in connection with the event of default. PNP.TO: 0.08 (unch)
Pinetree Capital Ltd. Announces Extension to Term Sheet With Supporting Debentureholders
Marketwired - Mon Feb 02, 11:04AM CST
Pinetree Capital Ltd. ("Pinetree" or the "Company"
(TSX: PNP)(TSX: PNP.DB) announces that the Company and certain holders (the "Supporting Debentureholders" of its 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" have agreed to extend the deadline for the completion of a forbearance agreement and related matters set out in their previously-announced term sheet, from January 30, 2015 to February 6, 2015. Additionally, until the earlier of the execution of the forbearance agreement and February 6, 2015, the Supporting Debentureholders will not exercise any rights or remedies that they may have under the indenture governing the Debentures, or otherwise, in respect of the existing event of default under the indenture (which arose from the breach of one of the Company's debt covenants), and will direct the trustee to cancel any declaration that may be made by the trustee that the principal of and interest on the Debentures is due and payable in connection with the event of default. PNP.TO: 0.08 (unch)
IIROC Trade Resumption - Pinetree Capital Ltd.
Newsfile Corp - Mon Jan 26, 10:40AM CST
Trading resumes in:
Pinetree Capital Ltd. Provides Update on Convertible Debentures
Marketwired - Mon Jan 26, 10:27AM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it has reached an agreement with certain holders (the "Supporting Debentureholders"
of its 10% convertible unsecured subordinated debentures due May 31, 2016 (the "Debentures" in respect of the company's existing default of the debt covenant contained in the debenture indenture governing the Debentures (the "Indenture" , which prohibits Pinetree's debt-to-assets ratio from exceeding 33% as at the end of each month (the "Covenant" . As of January 23, 2015, the current default of the Covenant became an "Event of Default" under the Indenture when the default was neither cured nor waived by that date. PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
IIROC Trade Halt - Pinetree Capital Ltd.
Newsfile Corp - Fri Jan 23, 8:10AM CST
The following issues have been halted by IIROC:
A Mine Is A Terrible Thing To Waste
Bob Moriarty - at Seeking Alpha - Tue Jan 20, 2:28PM CST
I was on the way to the field last week when the news came out about the surprise Swiss move to sever the tie with the price of the Euro. I suspect that move will be identified as the beginning of the end. In a matter of minutes, the value of the...
CDE: 7.27 (+0.07)
Pinetree Capital Ltd. to Suspend Disclosure of Monthly Net Asset Value Per Share
Marketwired - Wed Jan 14, 3:00PM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it is temporarily suspending the company's practice of publicly disclosing its unaudited net asset value per share ("NAV"
as at the end of each month, commencing with the December 2014 calculation, pending completion of the company's audited financial statements for the year ended December 31, 2014. Pinetree will resume disclosing its monthly unaudited NAV once the financial statements are finalized. The statements must be publicly filed by March 31, 2015. PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Pinetree Capital Ltd. Announces Unaudited November 30, 2014 Net Asset Value Per Share of $0.46
Marketwired - Mon Dec 15, 7:03AM CST
Pinetree Capital Ltd. (TSX: PNP) announces that as at November 30, 2014, Pinetree's unaudited net asset value per share ("NAV"
was $0.46. PNP.TO: 0.08 (unch)
Pinetree Capital Announces Cure of Convertible Debenture Debt Incurrence Covenant
Marketwired - Fri Dec 12, 8:44AM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that it has cured the previously-announced default of one of its debt incurrence covenants contained in the convertible debenture indenture that governs the company's 10% convertible unsecured subordinated debentures due May 31, 2016. Pinetree has repaid the $3.3 million of additional indebtedness previously incurred in contravention of the covenant. The company's sole indebtedness for the purpose of the covenant is currently comprised of the principle amount outstanding (plus accrued interest) on the debentures.
PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
Pinetree Capital Provides Update on Convertible Debenture Debt Incurrence Covenant
Marketwired - Wed Dec 03, 11:28AM CST
Pinetree Capital Ltd. (TSX: PNP)(TSX: PNP.DB) announces that further to its December 2, 2014 press release, Equity Financial Trust Company, as trustee under the convertible debenture indenture dated May 17, 2011, as supplemented by the first supplemental indenture dated December 11, 2012 and the second supplemental indenture dated September 12, 2013 (collectively, the "Indenture"
, in each case, between the company and Equity Financial, which govern Pinetree's 10% convertible unsecured subordinated debentures due May 31, 2016, has given notice to Pinetree pursuant to the Indenture that the company is in default of the debt covenant which prohibits Pinetree from incurring additional indebtedness if, after giving effect thereto, the aggregate amount of the company's debt would exceed 33% of the total value of its assets, as reflected on its (unaudited) consolidated balance sheet as at the last day of the immediately preceding month. As Pinetree previously announced, it incurred $3.3 million of additional indebtedness in contravention of the covenant. PNP.TO: 0.08 (unch), PNP-DB.TO: 71.02 (-0.98)
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