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Pinetree Capital Ltd announces closing of acquisition of 25 pct interest in parallel computing virtual accelerator Sviral Inc


Monday, 30 Jun 2014 08:00am EDT 

Pinetree Capital Ltd:Completed its acquisition of 25 pct interest (40 pct partially diluted) in Sviral, Inc., through purchase of 10 mln shares of Series B Preference Stock and 10 mln Series B Preferred Stock warrants of Sviral.As consideration for $5,000,000 purchase price for securities, Pinetree paid $500,000 in cash and issued 10,975,610 common shares to Sviral, representing about 6.2 pct of total number of Pinetree's common shares outstanding prior to closing date. 

Company Quote

0.35
0.0050 +1.45%
3:59pm EDT