Normal Course Issuer Bid
On August 30, 2011 Humboldt Capital Corporation announced that it has received approval from the TSX Venture Exchange (the "Exchange") to make a Normal Course Issuer Bid (the "Bid") to purchase for cancellation, from time to time, as it considers advisable, up to 598,000 of the issued and outstanding Common Shares (being approximately 5% of the Common Shares outstanding at August 28, 2011). Purchases will be made on the open market through the facilities of the Exchange. CIBC Wood Gundy will conduct the Bid on behalf of Humboldt. The price which Humboldt will pay for any shares purchased by it will be the prevailing market price of such shares on the Exchange at the time of such purchase.
Pursuant to Normal Course Issuer Bids, during the previous 12 months, Humboldt purchased 131,800 Common Shares at an average price of $2.34 per share.
The Bid will commence on September 2, 2011 and will terminate on September 1, 2012, or such earlier time as the applicable Bid is completed or at the option of Humboldt.
