03:38 PM EST - Pinetree Capital Ltd. : acquired ownership of 500,000 common shares of African Gold Group Inc. through the facilities of the TSX Venture Exchange, representing approximately 0.8% of the total issued and outstanding common shares of African Gold as at October 9. As a result of this transaction, Pinetree held, an aggregate of 7.5 million common shares of African Gold and rights to acquire an additional three million common shares of African Gold upon the exercise of convertible securities, representing a total of 10.5 million common shares of African Gold, or approximately 15.5% of such shares outstanding as of October 9. The company noted that these transactions were made for investment purposes and Pinetree could increase or decrease its investments in African Gold depending on market conditions or any other relevant factor. Pinetree Capital Ltd.
shares T.PNP are trading down $0.03 at $1.79.
