CALGARY, ALBERTA — (Marketwired) — 11/28/14 — Humboldt Capital Corporation (TSX VENTURE: HMB) –
For the first nine months of 2014 Humboldt is pleased to report earnings of $4.5 million and an increase in Humboldt–s net assets, at September 30, 2014, to $29.9 million, or $2.50 per share. At the quarter end Humboldt reported $9.0 million of cash and no long term debt.
During the nine months ended September 30, 2014 Humboldt continued with its plan to:
HIGHLIGHTS
Humboldt Financial Statements and Management–s Discussion and Analysis for the six months ended June 30, 2014 have been filed on SEDAR and can be found on Humboldt–s website at .
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.
Where amounts are expressed on a barrel of oil equivalent (boe) basis, natural gas volumes have been converted to barrels of oil at six thousand cubic feet (mcf) per barrel (bbl). Boe figures may be misleading, particularly if used in isolation. A boe conversion of six thousand cubic feet per barrel is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. References to oil in this discussion include crude oil and natural gas liquids (NGLs).
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
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)