Funding other projects via selling other placement stock.... Ride the wts for the upside.... Take a dime off the table as profit.

Simple as that...... They still had diarrhea though!

Pinetree buys one million Rockgate Capital shares

Pinetree Capital Ltd (C:PNP)
Shares Issued 113,832,032
Last Close 4/1/2008 $2.97
Wednesday April 02 2008 - News Release

Also Rockgate Capital Corp (C:RGT) News Release

Mr. Larry Goldberg of Pinetree reports

PINETREE CAPITAL LTD. ACQUIRES SECURITIES OF ROCKGATE CAPITAL CORP.

Pinetree Capital Ltd., on March 27, 2008, acquired ownership of one million common shares of Rockgate Capital Corp. and 500,000 common share purchase warrants. Each warrant entitles the holder thereof to acquire one additional common share until March 27, 2010, at a price of $1.25. In the event that the warrants are fully exercised, these holdings represent approximately 4.5 per cent of the total issued and outstanding common shares of Rockgate as of March 27, 2008, calculated on a partially diluted basis assuming the exercise of the warrants only. As a result of this transaction, Pinetree holds, as at March 27, 2008, a total of 2,562,700 common shares of Rockgate, including the common shares, and rights to acquire an additional 2.25 million common shares of Rockgate upon the exercise of convertible securities, including the warrants. In the event that the convertible securities are fully exercised, the holdings of Pinetree represent a total of 4,812,700 common shares of Rockgate, or approximately 13.7 per cent of all issued and outstanding common shares as at March 27, 2008, calculated on a partially diluted basis assuming the exercise of the convertible securities only.

These transactions were made for investment purposes and Pinetree could increase or decrease its investment in Rockgate depending on market conditions or any other relevant factor.

© 2008 Canjex Publishing Ltd.