Humboldt Capital Corporation

Humboldt Capital Corporation

January 04, 2005 17:38 ET

Humboldt Announces Issue of Options


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: HUMBOLDT CAPITAL CORPORATION

TSX VENTURE SYMBOL: HMB

JANUARY 4, 2005 - 17:38 ET

Humboldt Announces Issue of Options

CALGARY, ALBERTA--(CCNMatthews - Jan. 4, 2005) - Humboldt Capital
Corporation (TSX VENTURE:HMB) announced today that its Board of
Directors has approved the issuance of options to purchase 515,000
common shares of the Corporation at a price of $2.41 per share
exercisable until January 3, 2010.

The options are being issued to employees, consultants and directors of
the Corporation in accordance with a share option plan approved on May
28, 2003.

The total number of options outstanding after the issuance is 515,000,
or 4.2% of the outstanding shares of the Corporation.

Forward-looking statements - statements included in this press release
that are not historical facts may be considered "forward-looking
statements." All estimates and statements that describe the Company's
objectives, goals or future plans are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties
where actual results could differ materially from those currently
anticipated.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Humboldt Capital Corporation
    R.W. Lamond
    Chairman of the Board
    (403) 269-9889
    (403) 269-9890 (FAX)
    or
    Humboldt Capital Corporation
    C.A. (Tony) Teare
    Executive Vice President
    (403) 269-9889
    (403) 269-9890 (FAX)
    Website: www.humboldtcapital.com
    or
    Humboldt Capital Corporation
    #1800, 633 Sixth Avenue S.W.
    Calgary, Alberta
    T2P 2Y5 Canada
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.