TORONTO, CANADA--(Marketwired - Dec. 12, 2014) - Pinetree Capital Ltd. (TSX:PNP)(TSX:PNP.DB) announces that it has cured the previously-announced default of one of its debt incurrence covenants contained in the convertible debenture indenture that governs the company's 10% convertible unsecured subordinated debentures due May 31, 2016. Pinetree has repaid the $3.3 million of additional indebtedness previously incurred in contravention of the covenant. The company's sole indebtedness for the purpose of the covenant is currently comprised of the principle amount outstanding (plus accrued interest) on the debentures.