Pinetree announces that as of February 28, 2012, it held 3,000,000 common shares of Canada Coal and rights to acquire an additional 2,750,000 common shares upon exercise of certain convertible securities. In the event that the Pinetree Convertible Securities are fully exercised, these holdings represent approximately 12.4% of the total issued and outstanding common shares of Canada Coal as of February 28, 2012
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