TORONTO, CANADA--(Marketwired - June 23, 2014) -

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Pinetree Capital Ltd. (TSX:PNP) announces that it has entered into an agreement with Sviral, Inc., pursuant to which it is proposed that Pinetree will acquire a 25% interest (40% partially diluted) in Sviral through the purchase of 10 million units of Sviral at a price of US$0.50 per unit. Each unit will be comprised of one share of Series B Preference Stock and one Series B Preferred Stock warrant of Sviral. As consideration for the US$5,000,000 purchase price for the units, Pinetree will pay US$500,000 in cash and will issue to Sviral 10,975,610 common shares, representing approximately 6.2% of the total number of Pinetree's outstanding common shares.

Sviral is a private company headquartered in Sunnyvale, California that is working towards solving one of the primary problems in computer science - the inability of programmers to effectively utilize the full capacity of each central processing unit. Sviral's technology aims to enable the creation of a new category of applications that can utilize all available processing cores and enables simple, efficient, and high performance for processing complex streams of data.

The Sviral investment is in addition to two other proposed investments by Pinetree that are payable in shares and which, if completed, will result in the issuance of an additional 4,661,246 common shares of the company (or approximately 2.6% of Pinetree's common shares currently outstanding). All of the Pinetree common shares issuable for the investments have an effective price of Cdn$0.45 per share and all of the investments are subject to standard closing conditions, including the approval of the Toronto Stock Exchange as to the issuance of Pinetree's shares.