Pinetree Capital Ltd. acquired 1,500,000 common shares and 750,000 warrants of Unigold Inc., indicating a strategic investment in the resource sector.

Target Information

Pinetree Capital Ltd. has recently acquired significant holdings in Unigold Inc., a mineral exploration company focused on gold deposits in the Dominican Republic. On November 17, 2011, Pinetree acquired 1,500,000 common shares and 750,000 common share purchase warrants of Unigold. These warrants allow the holder to purchase one additional common share at a price of $0.15 until November 17, 2013. If fully exercised, these holdings would represent approximately 1.3% of Unigold's total outstanding shares based on a partially diluted basis.

Following this latest transaction, Pinetree, along with its joint actors, holds a total of 18,276,500 shares of Unigold, which includes rights to acquire an additional 3,000,000 shares through convertible securities, equating to about 12.3% of all issued common shares if fully exercised. Pinetree itself directly owns 15,321,500 common shares, also indicating a strong commitment to Unigold's future.

Industry Overview in Canada

The mining and exploration sector in Canada remains a cornerstone of the national economy, driven by an abundance of resources and supportive regulatory frameworks. Over the past few years, Canada has seen increased inve