Copacabana Capital Limited
TSX VENTURE : CAP.H

June 29, 2005 17:21 ET

Copacabana Capital Limited: Qualifying Transaction Approved By Shareholders

HAMILTON, BERMUDA--(CCNMatthews - June 29, 2005) -

(NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES)

COPACABANA CAPITAL LIMITED (TSX VENTURE:CAP.H) announced that shareholders approved the Qualifying Transaction as outlined in the May 30, 2005 Management Information Circular. Completion of the Qualifying Transaction is subject to a number of conditions including, but not limited to, TSX Venture Exchange approval and other approvals as may be required. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all. The Company also announced all resolutions outlined in the shareholder proxy were approved.

Investors are cautioned that, except as disclosed in the proxy information circular or filing statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The shares of Copacabana being offered will not be and have not been registered under the United States Securities Act of 1933, as amended (the "Act"), and may not be offered or sold within the United States absent registration or an application exemption from the registration requirements of the Act.



COPACABANA CAPITAL LIMITED
85 Reid Street
Hamilton, Bermuda HM12



The TSX Venture Exchange has in no way passed judgement upon the merits of the Qualifying Transaction and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Copacabana Capital Limited
    John Morley
    Chief Financial Officer
    441-296-4297