CALGARY, July 3 /CNW/ - Humboldt Capital Corporation (TSX-V: HMB) advises
that it has acquired an additional 920,000 common shares of Tuscany Energy
Ltd. (TSX-V: TUS) from an individual as settlement of a financial obligation
and $7,000, a price of $0.10 per share. As a result, Humboldt together with
its major shareholder, Robert W. Lamond, will own and control an aggregate of
12,005,000 common shares or 33% of the outstanding shares of Tuscany. Humboldt
may be considered to be acting jointly or 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, Tuscany'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