Pinetree Capital Ltd. announced that Mr. Peter Tolnai, its chief executive officer since April 29, 2016, has elected to resign as an officer of the company effective as of the close of business on September 12, 2017. As a successor to Mr. Tolnai, the board of directors of the company announced the immediate appointment of Mr. Damien Leonard, Pinetree's Chief Operating Officer, as a director of Pinetree and as its next Chief Executive Officer. Although Mr. Tolnai is stepping down from his day-to-day responsibilities as an officer of Pinetree for personal reasons, he will continue to serve as Chairman of the board of directors of the company.