Humboldt Capital Corporation
TSX VENTURE : HMB

Humboldt Capital Corporation

October 11, 2006 18:11 ET

Humboldt Announces Granting of Share Options

CALGARY, ALBERTA--(CCNMatthews - Oct. 11, 2006) - Humboldt Capital Corporation (TSX VENTURE:HMB) announced today that its Board of Directors has approved the issuance of stock options, effective October 11, 2006, to purchase 600,000 common shares of the Corporation at a price of $3.05 per share, exercisable until October 10, 2011.

The options are being issued to R.W. Lamond, President, Chairman of the Board and a director of the Corporation in accordance with Humboldt's share option plan dated May 28, 2003.

The total number of options outstanding after the issuance is 1,078,400, or 8.7% of the issued and outstanding common shares of the Corporation.

Forward-looking statements - the press release today contains "forward-looking" information. Actual results could differ materially from the conclusions, forecasts or projections in the forward-looking information. Certain material factors and assumptions were applied in drawing the conclusions or making the forecasts or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast or projection in the forward-looking information and the material factors or assumptions that were applied in drawing the conclusion or making the forecast or projection as reflected in the forward-looking information is contained in the press release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

Contact Information

  • 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