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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13D
Under
the
Securities Exchange Act of 1934
(Amendment
No. ___)*
BONTAN
CORPORATION INC.
(Name
of
Issuer)
Common
Stock
(Title
of
Class of Securities)
09852M101
(CUSIP
Number)
Pinetree
Capital Ltd.
The
Exchange Tower
130
King
Street West, Suite 2810
Toronto,
Ontario, Canada
M5X
1A9
Telephone:
(416) 941-9600
Attention:
Richard Patricio
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
Copies
to:
Ralph
W.
Norton, Esq.
Davis
& Gilbert LLP
1740
Broadway
New
York,
New York 10019
(212)
468-4800
March
20, 2006
(Date
of
Event which Requires Filing of this Statement)
If
the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. ¨
NOTE:
Schedules filed in paper format shall include a signed original and five copies
of the schedule, including all exhibits. See §§ 240.13d-7 for other parties to
whom copies are to be sent.
*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 on 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
(“Act”) or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
Page
1 of 14
Pages
|
CUSIP
No. 09852M101
|
|||||
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (entities
only)
PINETREE
RESOURCE
PARTNERSHIP
|
||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
|
||||
|
3
|
SEC
USE ONLY
|
||||
|
4
|
SOURCE
OF FUNDS (See
Instructions)
PF
|
||||
|
5
|
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS
IS
REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
||||
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
ONTARIO
|
||||
|
7
|
SOLE
VOTING POWER
0
(SEE
ITEMS 2 AND
5)
|
||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
8
|
SHARED
VOTING POWER
5,112,000
(SEE
ITEMS 2 AND
5)
|
|||
|
9
|
SOLE
DISPOSITIVE POWER
0
(SEE
ITEMS 2
AND 5)
|
||||
|
10
|
SHARED
DISPOSITIVE POWER
5,112,000
(SEE
ITEMS 2 AND
5)
|
||||
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,112,000
(SEE
ITEMS 2 AND
5)
|
||||
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
||||
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7
% (SEE ITEMS 2 AND 5)
|
||||
|
14
|
TYPE
OF REPORTING PERSON (See
Instructions)
PN
|
||||
Page
2 of 14
Pages
|
CUSIP
No. 09852M101
|
|||||
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (entities
only)
GENEVEST
INC.
|
||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
|
||||
|
3
|
SEC
USE ONLY
|
||||
|
4
|
SOURCE
OF FUNDS (See
Instructions)
PF
|
||||
|
5
|
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS
IS
REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
||||
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
ALBERTA
|
||||
|
7
|
SOLE
VOTING POWER
0
(SEE
ITEMS
2 AND 5)
|
||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
8
|
SHARED
VOTING POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
|||
|
9
|
SOLE
DISPOSITIVE POWER
0
(SEE
ITEMS
2 AND 5)
|
||||
|
10
|
SHARED
DISPOSITIVE POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
||||
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7
% (SEE
ITEM 5)
|
||||
|
14
|
TYPE
OF REPORTING PERSON (See
Instructions)
CO
|
||||
Page
3 of 14
Pages
|
CUSIP
No. 09852M101
|
|||||
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (entities
only)
EMERALD
CAPITAL
CORP.
|
||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
|
||||
|
3
|
SEC
USE ONLY
|
||||
|
4
|
SOURCE
OF FUNDS (See
Instructions)
PF
|
||||
|
5
|
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS
IS
REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
||||
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
ALBERTA
|
||||
|
7
|
SOLE
VOTING POWER
0
(SEE
ITEMS
2 AND 5)
|
||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
8
|
SHARED
VOTING POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
|||
|
9
|
SOLE
DISPOSITIVE POWER
0
(SEE
ITEMS
2 AND 5)
|
||||
|
10
|
SHARED
DISPOSITIVE POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
||||
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7
% (SEE ITEM 5)
|
||||
|
14
|
TYPE
OF REPORTING PERSON (See
Instructions)
CO
|
||||
Page
4 of 14
Pages
|
CUSIP
No. 09852M101
|
|||||
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (entities
only)
PINETREE
CAPITAL
LTD.
|
||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
|
||||
|
3
|
SEC
USE ONLY
|
||||
|
4
|
SOURCE
OF FUNDS (See
Instructions)
PF
|
||||
|
5
|
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS
IS
REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
||||
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
ONTARIO
|
||||
|
7
|
SOLE
VOTING POWER
0
(SEE
ITEMS
2 AND 5)
|
||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
8
|
SHARED
VOTING POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
|||
|
9
|
SOLE
DISPOSITIVE POWER
0
(SEE
ITEMS
2 AND 5)
|
||||
|
10
|
SHARED
DISPOSITIVE POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
||||
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
17.7
% (SEE
ITEM 5)
|
||||
|
14
|
TYPE
OF REPORTING PERSON (See
Instructions)
CO
|
||||
Page
5 of 14
Pages
|
CUSIP
No. 09852M101
|
|||||
|
1
|
NAMES
OF REPORTING PERSONS
I.R.S.
IDENTIFICATION NO. OF ABOVE PERSONS (entities
only)
SHELDON
INWENTASH
|
||||
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See
Instructions)
(a)
(b)
|
||||
|
3
|
SEC
USE ONLY
|
||||
|
4
|
SOURCE
OF FUNDS (See
Instructions)
PF
|
||||
|
5
|
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS
IS
REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e)
|
||||
|
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
CANADA
|
||||
|
7
|
SOLE
VOTING POWER
2,500,000
(SEE
ITEMS
2 AND 5)
|
||||
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
8
|
SHARED
VOTING POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
|||
|
9
|
SOLE
DISPOSITIVE POWER
2,500,000
(SEE
ITEMS
2 AND 5)
|
||||
|
10
|
SHARED
DISPOSITIVE POWER
5,112,000
(SEE
ITEMS
2 AND 5)
|
||||
|
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,612,000
(SEE
ITEMS
2 AND 5)
|
||||
|
12
|
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
|
||||
|
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN
ROW (11)
25.5
% (SEE
ITEM 5)
|
||||
|
14
|
TYPE
OF REPORTING PERSON (See
Instructions)
IN
|
||||
Page
6 of 14
Pages
Item
1. Security and Issuer.
The
title
of the class of equity securities to which this statement relates is common
stock, no par value per share (the “Common Stock”) of Bontan Corporation Inc., a
corporation formed under the laws of the Province of Ontario, Canada (the
“Company”). The address of the principal executive offices of the Company is 47
Avenue Road, Suite 200, Toronto, Ontario, Canada M5R 2G3.
Item
2. Identity and Background.
|
(a)-(c)
|
This
Schedule 13D is being filed by Pinetree Resource Partnership, a general
partnership formed under the laws of Ontario (“Pinetree Resource”), and by
Pinetree Capital Ltd. (“Pinetree Capital”), a corporation formed under the
laws of the Province of Ontario, Canada. Pinetree Capital is the
parent
company and holds 92% of the outstanding stock of Pinetree Resource.
The
principal businesses of Pinetree Resource and Pinetree Capital are
private
investment. This Schedule 13D is also being filed by Genevest inc.,
a
corporation formed under the laws of the Province of Alberta, Canada
(“Genevest”), and Emerald Capital Corp., a corporation formed under the
laws of the Province of Alberta, Canada (“Emerald”). Genevest holds 7.99%
of the outstanding stock of Pinetree Resource and Emerald holds .01%
of
the outstanding stock of Pinetree Resource. The principal businesses
of
Genevest and Emerald are private investment. This Schedule 13D is
also
being filed by Sheldon Inwentash (“Inwentash”). Inwentash is the Chief
Executive Officer of Pinetree Capital.
|
|
|
|
|
The
address of the principal office of each of Pinetree Resource, Pinetree
Capital, Genevest and Emerald is The Exchange Tower, 130 King Street
West,
Suite 2810, Toronto, Ontario M5X 1A9.
|
|
|
(d)
|
During
the past five years, neither Pinetree Resource nor, to Pinetree Resource’s
knowledge, any of its executive officers or directors has been convicted
in a criminal proceeding (excluding traffic violations and similar
misdemeanors). During the past five years, neither Pinetree Capital
nor,
to Pinetree Capital’s knowledge, any of its executive officers, directors
or controlling persons has been convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors). During the
past
five years, neither Genevest nor, to Genevest’s knowledge, any of its
executive officers or directors has been convicted in a criminal
proceeding (excluding traffic violations and similar misdemeanors).
During
the past five years, neither Emerald nor, to Emerald’s knowledge, any of
its executive officers or directors has been convicted in a criminal
proceeding (excluding traffic violations and similar misdemeanors).
During
the past five years, Inwentash has not been convicted in a criminal
proceeding (excluding traffic violations and similar
misdemeanors).
|
Page
7 of 14
Pages
|
(e)
|
During
the past five years, neither Pinetree Resource nor, to Pinetree Resource’s
knowledge, any of its executive officers or directors has been a
party to
a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which such person was or is subject to
a
judgment, decree or final order enjoining future violations of or
prohibiting or mandating activity subject to federal or state securities
laws or finding any violation with respect to such laws. During the
past
five years, neither Pinetree Capital nor, to Pinetree Capital’s knowledge,
any of its executive officers, directors or controlling persons has
been a
party to a civil proceeding of a judicial or administrative body
of
competent jurisdiction as a result of which such person was or is
subject
to a judgment, decree or final order enjoining future violations
of or
prohibiting or mandating activity subject to federal or state securities
laws or finding any violation with respect to such laws. During the
past
five years, neither Genevest nor, to Genevest’s knowledge, any of its
executive officers or directors has been a party to a civil proceeding
of
a judicial or administrative body of competent jurisdiction as a
result of
which such person was or is subject to a judgment, decree or final
order
enjoining future violations of or prohibiting or mandating activity
subject to federal or state securities laws or finding any violation
with
respect to such laws. During the past five years, neither Emerald
nor, to
Emerald’s knowledge, any of its executive officers or directors has been
a
party to a civil proceeding of a judicial or administrative body
of
competent jurisdiction as a result of which such person was or is
subject
to a judgment, decree or final order enjoining future violations
of or
prohibiting or mandating activity subject to federal or state securities
laws or finding any violation with respect to such laws. During the
past
five years, Inwentash has not been a party to a civil proceeding
of a
judicial or administrative body of competent jurisdiction as a result
of
which such person was or is subject to a judgment, decree or final
order
enjoining future violations of or prohibiting or mandating activity
subject to federal or state securities laws or finding any violation
with
respect to such laws.
|
|
(f)
|
The
name, citizenship, business address, principal business occupation
or
employment of each of the directors and executive officers of Pinetree
Resource, Pinetree Capital, Genevest and Emerald are set forth on
Annex A
hereto. Inwentash is a Canadian
citizen.
|
Item
3.
Source and Amount of Funds and Other Consideration.
From
February 1, 2006 to March 27, 2006, Pinetree Resource acquired 472,000 shares
of
Common Stock in open market transactions at an aggregate purchase price of
$199,400. From February 7, 2006 to March 20, 2006, Pinetree Resource acquired
an
aggregate of 640,000 shares of Common Stock from a third party in privately
negotiated transactions at an aggregate purchase price of $160,000. On March
31,
2006, Pinetree Resource purchased 2,000,000 units of the Company for an
aggregate purchase price of $500,000 pursuant to a subscription agreement
between Pinetree Resource and the Company. Each unit was comprised of one share
of Common Stock and one warrant to purchase one share of Common Stock at an
exercise price of $.35 per share (the “Units”). The consideration used by
Pinetree Resource to acquire the shares of Common Stock and Units was Pinetree
Resource’s personal funds.
On
March
31, 2006, Inwentash purchased 500,000 shares of Common Stock from a third party
in a privately negotiated transaction for an aggregate purchase price of
$125,000. On April 3, 2006, Inwentash purchased 1,000,000 Units of the Company
for an aggregate purchase price of $400,000 pursuant to a subscription agreement
between Inwentash and the Company. The consideration used by Inwentash to
acquire the shares of Common Stock and Units was Inwentash’s personal funds.
Page
8 of 14
Pages
Item
4. Purpose of Transaction.
(a)
-
(j). All of the shares of Common Stock and Units were acquired for investment
purposes. Pinetree Capital is a diversified investment, financial advisory
and
merchant banking firm focused on the small cap market. Pinetree Capital’s
investment approach is to build a macro position in a sector, find the micro-cap
opportunities in that sector and work with those companies to build them to
commercial production and create an exit.
Except
as
set forth in this Item 4, neither Pinetree Resource, Pinetree Capital, Genevest,
Emerald nor Inwentash have any present plans that relate to or would result
in:
the acquisition by any person of additional securities of the Company, or the
disposition of securities of the Company; an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the
Company or any of its subsidiaries; a sale or transfer of a material amount
of
assets of the Company or any of its subsidiaries; any change in the present
board of directors or management of the Company, including any plans or
proposals to change the number or term of directors or to fill any existing
vacancies on the board; any material change in the present capitalization or
dividend policy of the Company; any other material change in the Company’s
business or corporate structure; changes in the Company’s charter, bylaws or
instruments corresponding thereto or other actions that may impede the
acquisition of control of the Company by any person; causing a class of
securities of the Company to be delisted from a national securities exchange
or
to cease to be authorized to be quoted in an inter-dealer quotation system
of a
registered national securities association; causing a class of equity securities
of the Company to become eligible for termination of registration pursuant
to
Section 12(g)(4) of the Securities Exchange Act of 1934; or any action similar
to the foregoing.
Item
5. Interest in Securities of the Issuer.
|
(a)
|
As
of the date hereof, Pinetree Resource is deemed to beneficially own
an
aggregate of 5,112,000 shares of Common Stock (the “PR Shares”),
representing approximately 17.7% of the number of shares of Common
Stock
outstanding of the Company. As of the date hereof, Inwentash is deemed
to
beneficially own an aggregate of 7,612,000 shares of Common Stock,
representing approximately 25.5% of the number of shares of Common
Stock
outstanding of the Company. This amount includes the PR Shares and
2,500,000 shares of Common Stock that Inwentash owns directly (the
“Inwentash Shares”). As of the close of the private placement in which
Pinetree Resource and Inwentash purchased Units, the Company had
26,853,884 shares of Common Stock outstanding.
|
|
|
(b)
|
By
virtue of Pinetree Resource’s direct ownership of the PR Shares and
Pinetree Capital, Genevest and Emerald’s ownership and control of Pinetree
Resource, Pinetree Capital, Genevest, Emerald and Pinetree Resource
may be
deemed to have shared power to vote and dispose or direct the vote
and
direct the disposition of the PR Shares.
|
|
|
Inwentash
has sole power to direct the vote and to direct the disposition of
the
Inwentash Shares. By virtue of his position as Chief Executive Officer
of
Pinetree Capital, Inwentash may be deemed to have shared
power to vote the PR Shares. Inwentash disclaims beneficial ownership
of
the PR Shares.
|
||
|
(c)
|
Pinetree
Resource made the following purchases in the past 60 days:
|
|
Date
|
Securities
purchased
|
Price
per share/Unit
|
Nature
of Transaction
|
|||
|
February
27, 2006
|
371,721
shares of Common Stock
|
$0.25
|
Private
transaction with third party
|
|||
|
March
6, 2006
|
12,000
shares of Common Stock
|
$0.45
|
Open
market
|
|||
|
March
20, 2006
|
140,000
shares of Common Stock
|
$0.25
|
Private
transaction with third party
|
|||
|
March
24, 2006
|
50,000
shares of Common Stock
|
$0.65
|
Open
market
|
|||
|
March
27, 2006
|
50,000
shares of Common Stock
|
$0.62
|
Open
market
|
|||
|
March
31, 2006
|
2,000,000
Units
|
$0.25
|
Private
placement with the Company
|
Inwentash
made the following purchases in the past 60 days:
|
Date
|
Securities
purchased
|
Price
per share/Unit
|
Nature
of Transaction
|
|||
|
March
31, 2006
|
500,000
shares of Common Stock
|
$0.25
|
Private
transaction with third party
|
|||
|
April
3, 2006
|
1,000,000
Units
|
$0.40
|
Private
placement with the Company
|
|
(d)
|
Not
applicable.
|
|
|
(e)
|
Not applicable.
|
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer.
Except
as
set forth in this Schedule 13D, there are no contracts, arrangements,
understandings or relationships (legal or otherwise) among the persons named
in
Item 2 hereof or between such persons and any person with respect to any
securities of the Company, including but not limited to transfer or voting
of
any of the securities, finder's fees, joint ventures, loan or option agreements,
puts or calls, guarantees of profits, divisions of profits or loss, or the
giving or withholding of proxies.
Item
7. Material to be Filed as Exhibits.
| 1. |
Joint
Filing Agreement between Pinetree Resource Partnership, Genevest
inc.,
Emerald Capital Corp., Pinetree Capital Ltd. and Sheldon Inwentash
dated
as of April 26, 2006.
|
Page
9 of 14
Pages
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.
Dated: April
26,
2006
PINETREE
RESOURCE PARTNERSHIP
By:
/s/
Larry Goldberg
Name:
Larry Goldberg
Title:
A.S.O.
GENEVEST
INC.
By:
/s/
Larry Goldberg
Name:
Larry Goldberg
Title:
Chief Financial Officer
EMERALD
CAPITAL CORP.
By:
/s/
Sheldon Inwentash
Name:
Sheldon Inwentash
Title:
President
PINETREE
CAPITAL LTD.
By:
/s/
Larry Goldberg
Name:
Larry Goldberg
Title:
Executive Vice President and Chief Financial Officer
/s/
Sheldon Inwentash
Sheldon
Inwentash
Page
10 of 14
Pages
Annex
A
Executive
Officers and Directors
Pinetree
Resource Partnership
|
Name
and Citizenship
|
Principal
Occupation or Employment and Business Address
|
|
|
Sheldon
Inwentash
Canadian
citizen
|
Director
of Pinetree Resource
Chief
Executive Officer
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
|
|
Larry
Goldberg
Canadian
citizen
|
Director
of Pinetree Resource
Executive
Vice-President and CFO
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
Pinetree
Capital Ltd.
|
Name
|
Principal
Occupation or Employment and Business Address
|
|
|
Sheldon
Inwentash
Canadian
citizen
|
Chief
Executive Officer
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
|
|
Larry
Goldberg
Canadian
citizen
|
Executive
Vice-President and CFO
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
|
|
Lynn
Factor
Canadian
citizen
|
Director
of Pinetree Capital
Independent
business woman
c/o
Pinetree Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
|
|
Bruno
Maruzzo
Canadian
citizen
|
Director
of Pinetree Capital
Principal
of Technoventure Inc., a business consulting company
800
Petrolia Road, Unit 15
Toronto,
Ontario, M3J 3K4, Canada
|
Page
11 of 14
Pages
|
Steve
Saviuk
Canadian
citizen
|
Director
of Pinetree Capital
Chief
Executive Officer of Manitex Capital Inc., an investment
company
16667
Hymus Blvd.
Kirkland,
Quebec, H9H 4R9, Canada
|
|
|
Ron
Perry
Canadian
citizen
|
Director
of Pinetree Capital
Principal
of Briolijor Corporation, a business consulting company
28
Appleglen
Hudson,
Quebec, J0P 1H0, Canada
|
|
|
Kent
Moore
Canadian
citizen
|
Director
of Pinetree Capital
Professor
with the Department of Physics, University of Toronto
864
Davenport Rd.
Toronto,
Ontario, M6G 2B6, Canada
|
|
|
Joseph
Greenberg
Canadian
citizen
|
Director
of Pinetree Capital
Doctor
619
Bathurst St.
Toronto,
Ontario, M5S 2P8, Canada
|
Genevest
inc.
|
Name
|
Principal
Occupation or Employment and Business Address
|
|
|
Sheldon
Inwentash
Canadian
citizen
|
Director
of Genevest
Chief
Executive Officer
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
|
|
Larry
Goldberg
Canadian
citizen
|
Director
of Genevest
Executive
Vice-President and CFO
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
|
|
Lynn
Factor
Canadian
citizen
|
Director
of Genevest
Independent
business woman
c/o
Pinetree Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
Page
12 of 14
Pages
|
Bruno
Maruzzo
Canadian
citizen
|
Director
of Genevest
Principal
of Technoventure Inc., a business consulting company
800
Petrolia Road, Unit 15
Toronto,
Ontario, M3J 3K4, Canada
|
|
|
Steve
Saviuk
Canadian
citizen
|
Director
of Genevest
Chief
Executive Officer of Manitex Capital Inc., an investment
company
16667
Hymus Blvd.
Kirkland,
Quebec, H9H 4R9, Canada
|
|
|
Ron
Perry
Canadian
citizen
|
Director
of Genevest
Principal
of Briolijor Corporation, a business consulting company
28
Appleglen
Hudson,
Quebec, J0P 1H0, Canada
|
|
|
Kent
Moore
Canadian
citizen
|
Director
of Genevest
Professor
with the Department of Physics, University of Toronto
864
Davenport Rd.
Toronto,
Ontario, M6G 2B6, Canada
|
|
|
Joseph
Greenberg
Canadian
citizen
|
Director
of Genevest
Doctor
619
Bathurst St.
Toronto,
Ontario, M5S 2P8, Canada
|
Emerald
Capital Corp.
|
Name
|
Principal
Occupation or Employment and Business Address
|
|
|
Sheldon
Inwentash
Canadian
citizen
|
Director
of Emerald Capital
Chief
Executive Officer
Pinetree
Capital Ltd.
The
Exchange Tower
130
King Street West
Toronto,
Ontario, M5X 1A9, Canada
|
Page
13 of 14
Pages
Exhibit
1
Joint
Filing Agreement
AGREEMENT
dated as of April 26, 2006, between Pinetree Resource Partnership, Genevest
inc., Emerald Capital Corp., Pinetree Capital Ltd. and Sheldon Inwentash
(collectively, the “Parties”).
Each
of
the Parties hereto represents to the other Party that it is eligible to use
Schedule 13D to report its beneficial interest in shares of common stock, $.001
par value per share, of Bontan Corporation (“Schedule 13D”) and it will file the
Schedule 13D on behalf of itself.
Each
of
the Parties agrees to be responsible for the timely filing of the Schedule
13D
and any and all amendments thereto and for the completeness and accuracy of
the
information concerning itself contained in the Schedule 13D, and the other
Parties to the extent it knows or has reason to believe that any information
about the other Parties is inaccurate.
PINETREE
RESOURCE PARTNERSHIP
By:
/s/
Larry Goldberg
Name:
Larry Goldberg
Title:
A.S.O.
GENEVEST
INC.
By:
/s/
Larry Goldberg
Name:
Larry Goldberg
Title:
Chief Financial Officer
EMERALD
CAPITAL CORP.
By:
/s/
Sheldon Inwentash
Name:
Sheldon Inwentash
Title:
President
PINETREE
CAPITAL LTD.
By:
/s/
Larry Goldberg
Name:
Larry Goldberg
Title:
Executive Vice President and Chief Financial Officer
/s/
Sheldon Inwentash
Sheldon
Inwentash
Page
14 of 14
Pages