Humboldt Capital Corporation
TSX VENTURE : HMB

Humboldt Capital Corporation

June 16, 2011 11:57 ET

Humboldt Capital Corporation Increases Interest in Paris Energy Inc.

CALGARY, ALBERTA--(Marketwire - June 16, 2011) - Humboldt Capital Corporation ("Humboldt") (TSX VENTURE:HMB) advises that on June 14, 2011, Lamond Investments Ltd. ("Investments") and Humboldt each acquired 1,334,000 Common Shares pursuant to a Private Placement offering of common shares by Paris Energy Inc. ("Paris"). Robert W. Lamond ("Lamond") owns 100% of Investments and 70.6% of the outstanding shares of Humboldt. Following the Private Placement, Lamond and Humboldt collectively hold, directly and indirectly, an aggregate of 4,710,735 Common Shares, or an aggregate of 39% of the issued and outstanding Common Shares, and a $330,000 principal amount convertible secured debenture due on October 7, 2011 (the "Debenture") which is convertible into 5.5 million additional Common Shares.

The acquisitions were for investment purposes and each of Humboldt and Robert W. Lamond may, from time to time, as market opportunities exist or develop, increase or decrease their beneficial ownership, or control and direction over, Paris's Common Shares as permitted by securities law.

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 OR ACCURACY OF THIS RELEASE.

Contact Information

  • Humboldt Capital Corporation
    R.W. Lamond
    Chairman of the Board
    (403) 269-9889
    (403) 269-9890 (FAX)

    Humboldt Capital Corporation
    C.A. (Tony) Teare
    Executive Vice President
    (403) 269-9889
    (403) 269-9890 (FAX)