-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BqS5rExub3ZTDniMImv9MbpDN0uGdsdG30K/JKTk56cw5DcBue481TfFbKC6b8Hb PAeYClxAPjzvp74c2isB1A== 0000908230-08-000096.txt : 20080909 0000908230-08-000096.hdr.sgml : 20080909 20080909162802 ACCESSION NUMBER: 0000908230-08-000096 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20080909 DATE AS OF CHANGE: 20080909 GROUP MEMBERS: PINETREE RESOURCE PARTNERSHIP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Silver Reserve Corp. CENTRAL INDEX KEY: 0001383859 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 980492752 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-83028 FILM NUMBER: 081063198 BUSINESS ADDRESS: STREET 1: 1135 TERMINAL WAY STREET 2: SUITE 207B CITY: RENO STATE: NV ZIP: 89502 BUSINESS PHONE: 775-322-4448 MAIL ADDRESS: STREET 1: 1135 TERMINAL WAY STREET 2: SUITE 207B CITY: RENO STATE: NV ZIP: 89502 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pinetree Capital Ltd. CENTRAL INDEX KEY: 0001314173 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 130 KING STREET W. STREET 2: SUITE 2500 CITY: TORONTO STATE: A6 ZIP: M5X 1A9 BUSINESS PHONE: 416-941-9600 MAIL ADDRESS: STREET 1: 130 KING STREET W. STREET 2: SUITE 2500 CITY: TORONTO STATE: A6 ZIP: M5X 1A9 SC 13G 1 pinetreeetal_13g-100907.txt PINETREE CAPITAL LTD. ET AL 100907 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 (Amendment No. )* SILVER RESERVE CORP. -------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 828103101 --------- (CUSIP Number) October 9, 2007 --------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [x] Rule 13d-1(c) [_] Rule 13d-1(d) ---------- *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 8 pages CUSIP No. 828103101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons Pinetree Capital Ltd. - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Canada - -------------------------------------------------------------------------------- |5. Sole Voting Power | | 0 | |------------------------------------------------------- Number of |6. Shared Voting Power Shares | Beneficially | 6,998,043 Owned by | Each |------------------------------------------------------- Reporting |7. Sole Dispositive Power Person with | | 0 | |------------------------------------------------------- |8. Shared Dispositive Power | | 6,998,043 | - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by each Reporting Person 6,998,043 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 15.3% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- Page 2 of 8 pages CUSIP No. 828103101 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons Pinetree Resource Partnership - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization Canada - -------------------------------------------------------------------------------- |5. Sole Voting Power | | 0 | |------------------------------------------------------- Number of |6. Shared Voting Power Shares | Beneficially | 6,998,043 Owned by | Each |------------------------------------------------------- Reporting |7. Sole Dispositive Power Person with | | 0 | |------------------------------------------------------- |8. Shared Dispositive Power | | 6,998,043 | - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by each Reporting Person 6,998,043 - -------------------------------------------------------------------------------- 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 15.3% - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) PN - -------------------------------------------------------------------------------- Page 3 of 8 pages Item 1(a). Name of Issuer: Silver Reserve Corp. - -------------------------------------------------------------------------------- Item 1(b). Address of Issuer's Principal Executive Offices: 1135 Terminal Way Suite 207B Reno, Nevada 89502 - -------------------------------------------------------------------------------- Item 2(a). Name of Person(s) Filing: Pinetree Capital Ltd. Pinetree Resource Partnership - -------------------------------------------------------------------------------- Item 2(b). Address of Principal Business Office, or if None, Residence: The address of the principal business office of Pinetree Capital Ltd. ("Pinetree Capital") is 130 King St. West, Suite 2500, Toronto, Ontario Canada M5X 1A9. The address of the principal business office of Pinetree Resource Partnership ("Pinetree Resource") is 130 King St. West, Suite 2500, Toronto, Ontario Canada M5X 1A9. - -------------------------------------------------------------------------------- Item 2(c). Citizenship: Pinetree Capital is a corporation organized under the laws of Ontario, Canada. Pinetree Resource is a partnership organized under the laws of Ontario, Canada. - -------------------------------------------------------------------------------- Item 2(d). Title of Class of Securities: Common Stock, par value $0.0001 per share - -------------------------------------------------------------------------------- Item 2(e). CUSIP Number: 828103101 - -------------------------------------------------------------------------------- Item 3. If this statement is filed pursuant to Rule 13d-1(b), or Rule 13d-2(b) or (c), check whether the person filing is a: (a) [_] Broker or dealer registered under section 15 of the Act. (b) [_] Bank as defined in section 3(a)(6) of the Act. (c) [_] Insurance company as defined in section 3(a)(19) of the Act. (d) [_] Investment company registered under section 8 of the Investment Company Act of 1940. (e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) [_] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); Page 4 of 8 pages (g) [_] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) [_] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) [_] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940; (j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). - -------------------------------------------------------------------------------- Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: As of the date of this filing, Pinetree Capital beneficially owns an aggregate of 6,998,043 shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), including 6,998,043 shares of Common Stock owned beneficially by Pinetree Resource. As of the date of this filing, Pinetree Resource beneficially owns an aggregate of 6,998,043 shares of Common Stock, including 2,000,000 shares of Common Stock issuable upon the exercise of warrants held by Pinetree Resource. Pinetree Capital directly owns over 90% and beneficially owns 100% of Pinetree Resource and therefore may be deemed to have beneficial ownership of the shares owned by Pinetree Resource. (b) Percent of class: Represents approximately 15.3% of the Issuer's Common Stock, based on 43,710,569 issued and outstanding shares of Common Stock as of March 31, 2008. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Pinetree Capital Ltd.: 0 Pinetree Resource Partnership.: 0 (ii) Shared power to vote or to direct the vote: Pinetree Capital Ltd.: 6,998,043 Pinetree Resource Partnership.: 6,998,043 (iii Sole power to dispose or to direct the disposition of: Pinetree Capital Ltd.: 0 Pinetree Resource Partnership.: 0 (iv) Shared power to dispose or to direct the disposition of: Pinetree Capital Ltd.: 6,998,043 Pinetree Resource Partnership.: 6,998,043 - -------------------------------------------------------------------------------- Page 5 of 8 pages Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. - -------------------------------------------------------------------------------- Item 6. Ownership of More Than Five Percent on Behalf of Another Person. Not Applicable - -------------------------------------------------------------------------------- Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable - -------------------------------------------------------------------------------- Item 8. Identification and Classification of Members of the Group. Not Applicable - -------------------------------------------------------------------------------- Item 9. Notice of Dissolution of Group. Not Applicable - -------------------------------------------------------------------------------- Item 10.Certifications. (a) Not applicable (b) The following certification shall be included if the statement is filed pursuant to Rule 13d-1(c): "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect." Page 6 of 8 pages SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. September 9, 2008 (Date) PINETREE CAPITAL LTD. By: /s/ Larry Goldberg ------------------- Name: Larry Goldberg Title:Executive Vice President and Chief Financial Officer PINETREE RESOURCE PARTNERSHIP By: /s/ Larry Goldberg ------------------ Name: Larry Goldberg Title:Authorized Signing Officer Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). Page 7 of 8 pages EX-99 2 pinetreeexhib1_13g-100907.txt PINETREE CAPITAL LTD. ET AL 100907 Exhibit 1 Joint Filing Agreement AGREEMENT dated as of September 9, 2008, between Pinetree Capital Ltd. and Pinetree Resource Partnership (collectively, the "Parties"). Each of the Parties hereto represents to the other Party that it is eligible to use Schedule 13G to report its beneficial interest in shares of common stock, $0.0001 par value per share, of Silver Reserve Corp. ("Schedule 13G") and it will file the Schedule 13G on behalf of itself. Each of the Parties agrees to be responsible for the timely filing of the Schedule 13G and any and all amendments thereto and for the completeness and accuracy of the information concerning itself contained in the Schedule 13G, and the other Parties to the extent it knows or has reason to believe that any information about the other Parties is inaccurate. PINETREE CAPITAL LTD. By: /s/ Larry Goldberg ------------------- Name: Larry Goldberg Title:Executive Vice President and Chief Financial Officer PINETREE RESOURCE PARTNERSHIP By: /s/ Larry Goldberg ------------------ Name: Larry Goldberg Title:Authorized Signing Officer Page 8 of 8 pages -----END PRIVACY-ENHANCED MESSAGE-----