Pinetree Capital Ltd.

Diversified investment, financial advisory and merchant banking firm.

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Message: Pinetree Wts

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Pinetree Wts

posted on May 05, 09 08:05AM

It is important to know the difference in wts of PNP.

Number of Warrants

Exercise Price

Expiry Date

Warrant

Warrant Value

PNP.WT

5,000,000 $15.00 April 16, 2012 $37,100,000

------------------------------------...

PNP.WT.A

6,875,000 $6.50 October 23, 2012 $19,662,000

------------------------------------...

PNP.WT.B

8,638,650 $3.50 July 11, 2013 $9,762,000

22,542,671 $ 72,268,000

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