As a result of the transaction, Pinetree holds 8,800,000 common shares of Tigris, including the common shares, and rights to acquire an additional 1,000,000 common shares of Tigris upon exercise of certain convertible securities.
The transaction was made for investment purposes and Pinetree could increase or decrease its investment in Tigris depending on market conditions or any other relevant factor.
Pinetree is a diversified investment and venture capital firm focused on the small cap market.
Its investments are primarily in the resources sector: precious metals, base metals, oil and gas, potash, lithium and rare earths, uranium and coal.
