RAB Special Situations L.P.

Trinity Plumas Capital Corp.

Trinity Plumas Capital Corp.

January 06, 2005 15:22 ET

RAB SPECIAL SITUATIONS L.P./Trinity Plumas Capital Corp.-Announcement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RAB SPECIAL SITUATIONS L.P.

AND TRINITY PLUMAS CAPITAL CORP.

TSX VENTURE SYMBOL: TPC

JANUARY 6, 2005 - 15:22 ET

RAB SPECIAL SITUATIONS L.P./Trinity Plumas Capital
Corp.-Announcement

LONDON, UNITED KINGDOM--(CCNMatthews - Jan. 6, 2005) - RAB Special
Situations L.P. ("Special Situations") announces that it has subscribed
for a total of 3,000,000 units (the "Units") of Trinity Plumas Capital
Corp. (TSX VENTURE:TPC)(the "Company") at a price of Cdn.$0.85 per Unit.
Each Unit consists of one (1) common share in the share capital of the
Company (a "Share") and one-half (1/2) of one (1) Share purchase warrant
(a "Warrant"). Each one (1) whole Warrant shall entitle Special
Situations to purchase one (1) Share (a "Warrant Share") at a price of
Cdn.$1.30 per Share for a period of twenty-four (24) months after the
Closing Date. The transaction took place off the market by way of
private placement and closed on December 23, 2004.

Special Situations has ownership of and control over the securities
purchased in the Private Placement. The purchased securities represent
approximately 8.30% of the issued and outstanding Shares on a partially
diluted basis (assuming exercise of its Warrants) ("Partially Diluted
Basis").

Immediately after the Private Placement, Special Situations owned
5,000,000 Shares, 1,500,000 Warrants and an option to acquire 1,000,000
Shares, representing approximately 13.59% of the issued and outstanding
Shares on a Partially Diluted Basis.

Special Situations purchased Units for investment purposes only and not
with the purpose of influencing the control or direction of the Company.
Special Situations together with joint actors, if any, may, subject to
market conditions, make additional investments in or dispositions of
securities of the Company in the future, including additional purchases
of Shares. Special Situations and its joint actors, if any, do not,
however, intend to acquire 20% of any class of the outstanding voting or
equity securities of the Company.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    RAB Special Situations L.P.
    Mr. Neil Warrender
    (44) 20-7389-7000
    (44) 20 7389 7054 (FAX)
    nw@rabcap.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.