Quest Capital Corp.

Quest Capital Corp.

January 07, 2005 17:45 ET

Quest Capital Corp.: Early Warning Report


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: QUEST CAPITAL CORP.

TSX SYMBOL: QC

JANUARY 7, 2005 - 17:45 ET

Quest Capital Corp.: Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 7, 2005) - Quest
Capital Corp. ("Quest") (TSX:QC) acquired 1,586,667 shares (the
"Shares") of Choice Resources Corp. ("Choice") through the facilities of
the TSX Venture Exchange. Quest currently owns, directs and has control
over 7,054,099 common shares (the "Common Shares") in the capital of
Choice which represents ownership and control of approximately 15.13% of
the issued and outstanding common shares of Choice and 2,710,000
warrants (the "Warrants") to purchase 2,710,000 shares (the "Warrant
Shares") of Choice. The Common Shares, together with the Warrant Shares
issuable upon exercise of the Warrants, represent ownership and control
of approximately 19.79% of the currently issued and outstanding common
shares of Choice on a partially diluted basis, assuming the exercise of
the Warrants only.

Quest may acquire or dispose of its beneficial ownership, control or
direction over securities through market transactions, private
placements, treasury issuances or otherwise as circumstances or market
conditions warrant or arise.

Quest Capital Corp. is a merchant banking organization that focuses on
providing financial services, specifically bridge loans, to small and
mid-cap companies in North America. Quest's primary expertise is
providing asset backed commercial bridge loans of between $500,000 and
$20,000,000 to publicly listed companies, generally operating in
industries such as mining, oil and gas, manufacturing, real estate, and
technology.

Forward Looking Statements

The foregoing information may contain forward-looking statements related
to the future performance of Quest Capital Corp. Forward-looking
statements, specifically those concerning future performance are subject
to certain risks and uncertainties, and actual results may differ
materially. These risks and uncertainties are detailed from time to time
in the Corporation's filing with the appropriate securities commissions.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Quest Capital Corp.
    Investor Relations
    (604) 689-1428 or Toll Free: 1-800-318-3094
    (604) 681-4692 (FAX)
    or
    Quest Capital Corp.
    Brian E. Bayley
    (604) 689-1428 or Toll Free: 1-800-318-3094
    (604) 681-4692 (FAX)
    Website:www.questcapcorp.com
    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.