Pinetree Capital Ltd. has acquired 1,000,000 common shares of Potash Ridge Corporation, increasing its stake to approximately 13.8% of the company following its initial public offering.

Target Information

Pinetree Capital Ltd. has acquired 1,000,000 common shares of Potash Ridge Corporation as part of the company's initial public offering on December 5, 2012. This acquisition represents approximately 1.2% of the total issued and outstanding common shares of Potash Ridge on that date. Following this transaction, Pinetree and its joint actors collectively hold 9,500,000 common shares of Potash Ridge, including the newly acquired shares, along with rights to acquire an additional 2,000,000 shares through convertible securities.

Out of the total holdings, Pinetree directly owns 8,000,000 common shares and has rights to 1,250,000 convertible securities. If these convertible securities are fully exercised, Pinetree and its joint actors would control a total of 11,500,000 shares, amounting to approximately 13.8% of the total shares, calculated on a partially diluted basis. Furthermore, if only Pinetree's convertible securities are exercised completely, their direct holdings would represent around 11.2% of Potash Ridge's common shares.

Industry Overview

The potash industry is a vital sector within Canada, characterized by its significant impact on agriculture through the provision of essential nutrients for crop production. Canada is known as one of the largest producers and exporters of po