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Humboldt Capital Corporation Acquires Additional Shares of Tuscany Energy Ltd. in Connection with Tuscany's Acquisition of Diaz Resources Ltd.

Jul 17 2013 12:00AM

Marketwire

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CALGARY, ALBERTA -- (Marketwired) -- 07/17/13 -- Humboldt Capital Corporation (TSX VENTURE: HMB) -

Pursuant to the early warning requirements of applicable securities laws, Humboldt Capital Corporation ("Humboldt") announces that in connection with Tuscany Energy Ltd.'s ("Tuscany") acquisition (the "Acquisition") of all of the issued and outstanding common shares of Diaz Resources Ltd. ("Diaz Shares"), Humboldt acquired an additional 21,992,898 common shares of Tuscany ("Tuscany Shares") representing approximately 14.8% of the outstanding Tuscany Shares. Pursuant to the Acquisition, Tuscany issued to the holders of Diaz Shares, including Humboldt, 0.31 of a Tuscany Share for each Diaz Share held.

Immediately following completion of the Acquisition, Tuscany consolidated the outstanding Tuscany Shares on an 8 to 1 basis ("Consolidation"). Accordingly, after giving effect to the Acquisition and the Consolidation, Humboldt holds approximately 8,025,069 Tuscany Shares representing approximately 43.1% of the outstanding Tuscany Shares. When combined with the Tuscany Shares held by Mr. Robert W. Lamond, the Chairman, President, Chief Executive Officer and controlling shareholder of Humboldt, Humboldt and Mr. Lamond own approximately 8,396,558 Tuscany Shares representing approximately 45.1% of the outstanding Tuscany Shares.

Humboldt and Mr. Lamond may, from time to time, as market opportunities exist or develop, increase or decrease their beneficial ownership in the Tuscany Shares as permitted by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
Humboldt Capital Corporation
Robert W. Lamond
Chairman, President & CEO
(403) 269-9889
(403) 269-9890 (FAX)

Humboldt Capital Corporation
Charles A. Teare
Executive Vice President & CFO
(403) 269-9889
(403) 269-9890 (FAX)





Source: Marketwire


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