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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.
FOR FURTHER INFORMATION PLEASE CONTACT:
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)
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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