The TSX Venture Exchange has accepted for filing documentation pertaining to a securities purchase agreement, dated Dec. 17, 2012, between Augusta Industries Inc. and Pinetree Capital Ltd., a Toronto Stock Exchange-listed company, whereby Pinetree has acquired 20 million units of the company at a price of five cents per unit in exchange for 1,111,111 common shares of Pinetree at a deemed value of 90 cents per share. Each unit comprises one common share and one-third common share purchase warrant. Each whole warrant is exercisable into one common share at 10 cents for a two-year period.
Insider: Pinetree Capital Ltd. 20 million
For further details, please refer to the company's news releases dated Jan. 14, 2013, and Jan. 25, 2013.