MERGERS-ACQUISITIONS / Humboldt Capital Corporation and Robert W.
Lamond Increase Interest in Nycan Energy Corp.
VSE SYMBOL: HMB.A
JUNE 12, 1998
CALGARY, ALBERTA--Robert W. Lamond advises that he has acquired an
additional 200,000 Class A Common shares of Nycan Energy Corp., as
part of a flow through share private placement issue by the
company.
As a result of the acquisition, Mr. Lamond and a company wholly
owned by him owns 469,000 Class A Common shares of Nycan and
Humboldt Capital Corporation, a public company controlled by Mr.
Lamond, owns 1,441,809 Class A Common shares of Nycan, for an
aggregate of 1,910,809 Class A Common shares or 20.7 percent of
the outstanding Class A Common shares of Nycan.
The acquisition is for investment purposes and each of Mr. Lamond
and Humboldt may from time to time, as market opportunities exist
or develop, increase their beneficial ownership of or control and
direction over shares of Nycan through normal market purchases.
R.W. Lamond is the Chairman of the Board of, and holds
approximately 60 percent of the outstanding shares of Humboldt.
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