July 3 (Reuters) - Pine Trail Capital Trust PINEp.V :
* PINE TRAIL CAPITAL TRUST ANNOUNCES PRIVATE PLACEMENT
* PINE TRAIL CAPITAL TRUST - ARRANGED NON-BROKERED PRIVATE PLACEMENT OF UP TO 25 MILLION UNITS OF TRUST AT $0.12/UNIT TO RAISE GROSS PROCEEDS OF UP TO $3 MILLION
* PINE TRAIL CAPITAL TRUST - FINANCING'S NET PROCEEDS WILL BE USED TO COMPLETE PREVIOUSLY ANNOUNCED ACQUISITION OF A MEDICAL OFFICE BUILDING IN PICTON