Pinetree Capital Ltd. Announces Cure of Event of Default & Corporate Update
TORONTO, CANADA--(Marketwired - Nov. 9, 2015) - Pinetree Capital Ltd. (TSX:PNP)(TSX:PNP.DB) is pleased to announce that the company has cured the "Event of Default" that resulted from its October 2014 breach of a debt covenant (the "Covenant") contained in the indenture governing the company's 10% Convertible Secured Debentures maturing May 31, 2016 (the "Debentures"). Pinetree's debt-to-assets ratio was below 33% as at October 31, 2015 in compliance with the Covenant.
