CORP / Robert W. Lamond And Humboldt Capital Corporation
Increase Interest In Diaz Resources Ltd.
VSE SYMBOL: HMB.A HMB.B
JULY 28, 1998
CALGARY, ALBERTA--R.W. Lamond, Lamond Investments Ltd ("Lamond
Investments"), a company wholly owned by Mr. Lamond, and Humboldt
Capital Corporation ("Humboldt"), a public company controlled by
Mr. Lamond, advise that they have acquired an additional 501,000
Class A Subordinate Voting Shares of Diaz Resources Ltd. ("Diaz")
(VSE: DZR.a/DZR.b), and 512,000 Class B Multiple Voting Shares of
Diaz.
Humboldt purchased 500,000 of the Class A Subordinate Voting
Shares privately, Lamond Investments purchased 500,000 of the
Class B Multiple Voting Shares privately, and the balance were
purchased by Humboldt on the Vancouver Stock Exchange.
As a result of the acquisition, Robert W. Lamond, Lamond
Investments and Humboldt own an aggregate of 4,423,361 Class A
Subordinate Voting Shares and options to purchase a further
350,000 Class A Subordinate Voting Shares, of which Humboldt owns
3,606,661 Class A Subordinate Voting Shares. Assuming the options
are exercised, this represents 60.7 percent of the outstanding
Class A Subordinate Voting Shares. In addition, they own an
aggregate of 4,022,361 Class B Multiple Voting Shares or 64.2
percent of the outstanding Class B Multiple Voting Shares of which
Humboldt owns 3,101,111.
The acquisitions are 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 Diaz through normal market
purchases or otherwise as permitted pursuant to securities
regulations.
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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