Humboldt Capital Corporation

TSX VENTURE : HMB


Humboldt Capital Corporation

December 06, 2012 17:06 ET

Humboldt Capital Corporation Increases Interest in Tuscany Energy Ltd.

CALGARY, ALBERTA--(Marketwire - Dec. 6, 2012) - Humboldt Capital Corporation ("Humboldt") (TSX VENTURE:HMB) advises that from June 12, 2011 to November 30, 2012 Humboldt purchased 1,010,000 Common Shares of Tuscany Energy Ltd. ("Tuscany") (TSX-V: TUS) by normal course purchases through the facilities of the Toronto Venture Exchange. The Common Shares acquired by Humboldt, together with Tuscany's purchases and cancellation of its own Common Shares, has resulted in Humboldt's ownership in Tuscany's outstanding Common Shares increasing by 2% over the period.

R. W. Lamond ("Lamond") owns 72% of the outstanding shares of Humboldt and 100% of Lamond Investments Ltd ("LI"). Lamond, LI and Humboldt together own 44,603,434 Common Shares of Tuscany, or approximately 37% of the outstanding Common Shares of Tuscany.

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

Forward-looking statements - the press release today contains "forward-looking" information including the intentions of Humboldt, LI and Lamond with respect to Tuscany Common Shares. 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)