12:01 PM EST - Pinetree Capital Ltd. : announced that on April 2, 2008, it acquired ownership of 2.50 million common shares of Silver Quest Resources Ltd. and 1.25 million common share purchase warrants. Each Warrant entitles the holder thereof to acquire one additional common share until October 2, 2009, at a price of $0.30. Pinetree Capital Ltd.
shares T.PNP are trading up 8 cents at $3.20.