Pinetree Capital Announces Results of Special Shareholder Meeting

TORONTO, ONTARIO -- (Marketwired) -- 04/22/16 -- Pinetree Capital Ltd. (TSX: PNP) announces the results of its special shareholder meeting held earlier today. At the meeting, shareholders approved the waiver of the application of the company's shareholder rights plan to the proposed acquisition of Pinetree common shares by 2507492 Ontario Ltd. and the 1-for-100 share consolidation, and confirmed the amendment to the company's general by-law to reduce the quorum for shareholder meetings to 10%.

Complete voting results of the meeting are available under the company's profile on sedar.com.

About Pinetree

Pinetree is a diversified investment and merchant banking firm focused on the small cap market, with early stage investments in resource, biotechnology and technology companies. Pinetree's shares are listed on the Toronto Stock Exchange under the symbol "PNP".

Contacts:
Investor Relations: Pinetree Capital Ltd.
Richard Patricio, LL.B.
Chief Executive Officer
416-941-9600
[email protected]
www.pinetreecapital.com

Source: Pinetree Capital Ltd.

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