Pinetree Capital Ltd. acquired 250,000 common shares of Salmon River Resources Ltd., increasing its ownership to approximately 10.86% of the company as part of its strategic investment in the Canadian mining sector.

Information on the Target

Salmon River Resources Ltd. is a publicly-traded company focused on the exploration and development of mineral properties in Canada. The company has been actively engaged in resource extraction, and its primary focus lies in managing its assets to capitalize on opportunities within the mining sector. As of February 4, 2011, Salmon River's total issued and outstanding common shares amounted to approximately 39 million.

Pinetree Capital Ltd. acquired 250,000 common shares of Salmon River, which represents about 0.6% of the company's total shares. Following this acquisition, Pinetree Capital, alongside its joint actor, consolidated ownership of a total of 4,250,000 shares, equivalent to roughly 10.86% of Salmon River's shares. Pinetree’s direct ownership amounts to 2,250,000 shares or approximately 5.7% of the issued shares.

Industry Overview in Canada

The mining industry in Canada is a vital component of the national economy, contributing significantly to both employment and GDP. Canada is renowned for its vast mineral resources, and the mining sector encompasses a w