Pinetree Capital Ltd. Announces Election of Directors

Pinetree Capital Ltd. Announces Election of Directors
  
 

TORONTO, CANADA--(Marketwired - Jun 5, 2014) - Pinetree Capital Ltd. (TSX:PNP) announces that at its annual and special shareholder meeting held earlier today, all of the nominees listed in its management information circular for the meeting were elected as directors of the company. Each director was elected by a majority of the shareholders by a show of hands. The results of the shares voted by proxy in respect of the election of each director are set out below:

Nominee	Shares Voted For	Shares Withheld
Marshall Auerback	28,963,159 (91.41%)	2,720,103 (8.59%)
Andrew Fleming	29,407,560 (92.82%)	2,275,702 (7.18%)
Gerry Goldberg	29,317,479 (92.53%)	2,365,783 (7.47%)
Sheldon Inwentash	28,672,948 (90.50%)	3,010,314 (9.50%)
Bruno Maruzzo	28,870,621 (91.12%)	2,812,641 (8.88%)
Ron Perry	28,712,106 (90.62%)	2,971,156 (9.38%)

All other matters put before shareholders at the meeting were approved. The complete voting results are available under the company's profile at www.sedar.com.

About Pinetree

Pinetree Capital Ltd. ("Pinetree") was incorporated under the laws of the Province of Ontario and its shares are publicly-traded on the Toronto Stock Exchange ("TSX") under the symbol "PNP". Pinetree is a diversified investment and merchant banking firm focused on the small cap market. Pinetree's investments are primarily in the following sectors: Precious Metals, Uranium and Technology. Pinetree's investment approach is to develop a macro view of a sector, build a position consistent with the view by identifying micro-cap opportunities within that sector, and devise an exit strategy designed to maximize our relative return in light of changing fundamentals and opportunities. Pinetree is recognized as a value added partner.

Pinetree Capital Ltd.Sheldon Inwentash, CPA, CA.Chairman & CEOPinetree Capital Ltd.Gerry Feldman, CPA, CA.CFO & Vice President, Corporate [e-mail] Relations: Pinetree Capital Ltd.Richard Patricio, LL.B.Vice President, Legal and Corporate [e-mail]