11:49 AM EST - Pinetree Capital Ltd. : announced that on April 20, 2009, pursuant to the reverse takeover transaction by Quetzal Energy Ltd., it acquired ownership of 1.85 million common shares and 125,000 common share purchase warrants. If the warrants are fully exercised, these holdings represent about 2.3 per cent of the total issued and outstanding common shares of Quetzal as of April 20, 2009. Consequent to the transaction, Pinetree and its joint actors held, as at April 20, 2009, an aggregate of 10.62 million common shares of Quetzal, including the common shares, and rights to acquire an aggregate of 9.81 million common shares of Quetzal upon exercise of convertible securities, including the warrants. Pinetree Capital Ltd.
shares T.PNP are trading even at $1.43.
