Compel Capital Inc.

July 31, 2008 09:57 ET

Compel Capital Inc. Business Update

TORONTO, ONTARIO--(Marketwire - July 31, 2008) - Compel Capital Inc. (formerly Slocan-Rambler Mines (1947) Limited) (the "Company") is pleased to announce that all items on the agenda of the annual and special meeting of shareholders held on July 24, 2008 were approved by shareholders, including the change of the name of the Company and the consolidation of the common shares of the Company on the basis of one new share for three old shares.

The Company does not have any definitive plans in place for the operation of the business going forward. However, it is the intention of Management of the Company to investigate opportunities going forward.

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