latest news releases from the newsroom
Sombrio Capital Corp.
Sombrio Capital Announces a Change in Control and the Appointment and Departure of Officer and Director
SARNIA, Ontario, Dec. 31, 2008 (GLOBE NEWSWIRE) -- Sombrio Capital Corporation (OTCBB:SBPP) (the "Company") announces that on December 29, 2008 644822 British Columbia Ltd., shareholder of Sombrio Capital Corp. (the "Company") entered into an Agreement for the Purchase of Common Stock with KIF Capital Corp., pursuant to which 644822 British Columbia Ltd. sold an aggregate of 5,000,000 shares of the Company's common stock to KIF Capital Corp. The purchase price was $5,000. KIF Capital Corp. acquired approximately 69.5% of the total outstanding number of shares of common stock of the Company and the 5,000,000 shares represent KIF Capital Corp.'s entire beneficial holdings in the Company. KIF Capital Corp. is a private corporation owned and controlled by Ken MacAlpine. 644822 British Columbia Ltd. is a private corporation owned and controlled by Derek Page.
First Capital, Inc.
First Capital, Inc. Elects Not to Participate in U.S. Treasury Department's Capital Purchase Program
CORYDON, Ind., Dec. 31, 2008 (GLOBE NEWSWIRE) -- First Capital, Inc. (Nasdaq:FCAP), the holding company for First Harrison Bank (the "Bank"), announced today that it has elected not to participate in the U.S. Treasury Department's Capital Purchase Program. The Company received preliminary approval earlier this month from the U.S. Treasury to participate in the program. Announced by the U.S. Treasury on October 14, 2008, the Capital Purchase Program is a voluntary program under which Treasury is authorized to purchase up to $250 billion in senior preferred stock and warrants from qualifying healthy financial institutions.