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Pinetree Capital Ltd. Acquires Common Shares of Bontan Corporation Inc.

Publication: Business Wire
Publication Date: 31-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TORONTO -- Pinetree Capital Ltd. (TSX:PNP), announces that on March 31, 2006, it acquired ownership of 2,000,000 common shares ("Common Shares") of Bontan Corporation Inc. ("Bontan") and 2,000,000 share purchase warrants (each, a "Warrant") (each Warrant entitling the holder thereof to acquire one additional common share at an exercise price of US$0.35 until March 31, 2008).In the event that the Warrants are fully exercised, these holdings represent approximately 13.9%...

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