Mr. Sheldon Inwentash of Pinetree reports
PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF POET TECHNOLOGIES INC.
Pinetree Capital Ltd., on Feb. 13, 2014, acquired ownership of 2,775,385 common shares and 2,775,385 common share purchase warrants of Poet Technologies Inc. Each warrant entitles the holder thereof to acquire one additional common share at a price of $1 until Feb. 13, 2016. In the event that the warrants are fully exercised, these holdings represent approximately 3.8 per cent of the total issued and outstanding common shares of Poet as of Feb. 13, 2014, calculated on a partially diluted basis assuming the exercise of the warrants only. As a result of this transaction, Pinetree and its joint actors collectively held, as at Feb. 13, 2014, an aggregate of 14,954,885 common shares of Poet, including the common shares, and rights to acquire an additional 13,471,385 common shares of Poet upon the exercise of convertible securities. Of these totals, Pinetree owns 8,525,385 common shares, including the common shares, and the 7,777,385 of the convertible securities directly. In the event that the convertible securities are fully exercised, the holdings of Pinetree and its joint actors represent a total of 28,426,270 common shares of Poet or approximately 18.2 per cent of all issued and outstanding common shares as at Feb. 13, 2014, calculated on a partially diluted basis assuming the exercise of the convertible securities only. In the event that the Pinetree convertible securities are fully exercised, the direct holdings of Pinetree represent a total of 16,300,770 common shares of Poet, or approximately 10.8 per cent of all issued and outstanding common shares as at Feb. 13, 2014, calculated on a partially diluted basis assuming the exercise of the Pinetree convertible securities only.
These transactions were made for investment purposes, and Pinetree and its joint actors could increase or decrease their investment in Poet depending on market conditions or any other relevant factor.
© 2025 Canjex Publishing Ltd. All rights reserved.