Interesting Deal ?

 

Integra acquires 1,379,310 shares of Pinetree at an effective price of 87 cents per share,,,, = to five million common shares of Integra.

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Integra, Pinetree Capital share purchase agreement

2013-01-10 17:27 ET - Property Agreement

 

The TSX Venture Exchange has accepted for filing a securities purchase agreement between Integra Gold Corp. and Pinetree Capital Ltd. dated Dec. 20, 2012. Integra has agreed to sell Pinetree a total of five million common shares of Integra, at an effective price of 24 cents per share. As consideration for the acquisition of the Integra shares, Pinetree will issue to Integra a total of 1,379,310 common shares of Pinetree at an effective price of 87 cents per share.

.As a result of the transaction, Sheldon Inwentash of Pinetree will become an insider of Integra due to Mr. Inwentwash's direct holdings and his direction/control of Pinetree.

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A finder's fee of $39,000 will be paid to Secutor Capital Management Corp.