CALGARY, ALBERTA--(Marketwired - Sept. 4, 2015) - Robert W. Lamond ("Lamond") advises that from June 23, 2003 to September 3, 2015, Lamond, and Lamond Investments Ltd. ("LI") purchased an aggregate of 232,636 common shares ("Common Shares"), or approximately 2% of the outstanding Common shares of Humboldt Capital Corporation ("Humboldt") (TSX VENTURE:HMB). The shares were purchased through the facilities of the TSX Venture Exchange. Lamond owns 100% of LI. After the acquisition of the additional Common Shares, Lamond and LI beneficially own, collectively, an aggregate of 8,532,776 Common Shares or approximately 72% of the outstanding Common Shares of Tuscany.
The Common Shares were acquired at prices ranging from $0.63 to $3.07 per Common share (an average price of $1.73 per Common Share). The Common Shares were acquired pursuant to the normal course purchase exemption set forth in section 4.1 of Multilateral Instrument 62-104, as the number of Common Shares acquired by Lamond and/or LI within any 12 month period ended did not exceed 5% of the Common Shares outstanding at the beginning of such period, and the value of the consideration paid for the Common Shares was not in excess of the market price at the date of acquisition, as determined in accordance with section 1.11 of Multilateral Instrument 62-104, plus reasonable brokerage fees or commissions actually paid.
The acquisitions were for investment purposes and each of Lamond and LI 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 Lamond and LI with respect to Humboldt 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.