Mises Capital Corporation
TSX VENTURE : MPP

Mises Capital Corporation

November 29, 2006 13:02 ET

Mises Capital Corporation Files 3rd Quarter Financials and Operations Update

CALGARY, ALBERTA--(CCNMatthews - Nov. 29, 2006) - Mises Capital Corporation (TSX VENTURE:MPP) ("Mises" or the "Corporation") announces that it has filed it unaudited third quarter financial statements for the three and nine month periods ended September 30, 2006, together with the management's discussion and analysis with the Canadian regulatory authorities on SEDAR. This information may be accessed electronically at www.sedar.com.

Further to the expiry of the extension agreement dated August 31, 2006 ("Extension Agreement") between Mises and Union Temporal Omega Energy ("UTOE") modifying the payment terms set out in the commercial agreement between Mises and UTOE (the "Commercial Agreement"), the Corporation has begun the necessary negotiations with UTOE to obtain a further extension of sufficient length to permit the Corporation to finalise its proposed funding round. The Commercial Agreement provides for the terms and conditions of Mises' participation in the further exploration and exploitation of the Buenavista Block. In the absence of a suitable agreement for additional extension time, the Corporation retains the right to the return of its USD$ 1 million in purchase funds for its net profits interest in the Buenavista Block, less the break-up and extension fees as set out in the Commercial Agreement and Extension Agreement respectively.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information