CALGARY, Oct. 29 /CNW/ - Humboldt Capital Corporation ("Humboldt")
(TSX-V: HMB) advises that during the month of October 2008 it has acquired
870,000 common shares of Goldmark Minerals Ltd. ("Goldmark") (TSX-V: GMK)
through the facilities of the TSX Venture Exchange. As a result, Humboldt has
increased its holdings in Goldmark to 5,949,000 common shares, 29.3% of the
outstanding shares. Humboldt together with its major shareholder, Robert W.
Lamond, will own and control an aggregate of 6,998,000 common shares or 34.5%
of the outstanding shares, and assuming Mr. Lamond exercises his option to
purchase 100,000 common shares, they will own 7,098,000 or 34.8% of the
outstanding shares of Goldmark. Humboldt may be considered to be acting
jointly on in concert with Mr. Lamond under applicable securities laws.
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, Goldmark'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.
For further information:
For further information: R.W. Lamond, Chairman of the Board - or - C.A.
(Tony) Teare, Executive Vice President, HUMBOLDT CAPITAL CORPORATION,
Telephone: (403) 269-9889, Fax: (403) 269-9890, TSX-V: HMB