CALGARY, ALBERTA -- (Marketwired) -- 06/27/16 -- Humboldt Capital Corporation ("Humboldt") (TSX VENTURE: HMB) is pleased to announce the completion of the plan of arrangement involving Humboldt, Lamond Investments Ltd. and the shareholders of Humboldt whereby Lamond Investments acquired all of the issued and outstanding common shares of Humboldt ("Humboldt Shares") not already held by Lamond Investments or Robert Lamond and the holders of such shares received $1.075 cash and 1.4074 common shares of Tuscany Energy Ltd. (collectively, the "Arrangement Consideration") for each Humboldt Share held (the "Arrangement").
It is anticipated that the Humboldt Shares will be delisted from trading on the TSX Venture Exchange on Wednesday, June 29, 2016. Humboldt shareholders who have not already done so should submit their Humboldt Shares to Computershare Investor Services Inc., the depositary pursuant to the Arrangement, together with a duly completed letter of transmittal in accordance with the instructions set out therein in order to receive the Arrangement Consideration that they are entitled to receive pursuant to the Arrangement. Letters of transmittal were previously sent to Humboldt shareholders and additional copies may be obtained by contacting Computershare Investor Services Inc. at 1-800-564-6253 or by email at firstname.lastname@example.org, and are also available under Humboldt's profile at www.sedar.com.
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.
Lamond Investments Ltd.