Source: Pinetree Capital Ltd.

Pinetree Capital Ltd. announced that through a series of transactions ending on Dec. 2, 2010, it acquired ownership of 250,000 common shares through the facilities of the TSX Venture Exchange and 2,500,000 common share purchase warrants of Western Potash Corp. through a private transaction. These holdings represent approximately 2.6 percent of the total issued and outstanding common shares of Western Potash as of Dec. 2, 2010, calculated on a partially diluted basis assuming the exercise of the warrants only.

As a result of this transaction, Pinetree and its joint actors collectively held, as at Dec. 2, 2010, an aggregate of 5,934,500 common shares of Western Potash, including the common shares and rights to acquire an additional 10,500,000 common shares of Western Potash upon exercise of certain convertible securities, including the warrants. 

Original news release