Naples Capital Corp.
TSX VENTURE : NAP

November 19, 2007 17:09 ET

Naples Capital Corp.: Change of Corporate Name-Takara Resources Inc.

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2007) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Naples Capital Corp. (TSX VENTURE:NAP) ("Naples" or the "Company") announces that it has received final regulatory approval to change its name and trading symbol. Effective Tuesday, November 20, 2007, Naples will begin to trade under the symbol "TKK", and under the name of Takara Resources Inc.

Corporate Changes: At its Annual General and Special Meeting of shareholders held on November 15th, 2007, the shareholders of the Company approved all resolutions put before them by management, including the elections of directors, a corporate name change, the appointment and remuneration of the auditor, and the approval of the Company's 2006 Stock Option Incentive Plan.

The board is now comprised of 5 members, namely, Ms. Jennifer L. Boyle, B.A., LL.B, Ms. Pamela Strand, M. Sc., P. Geol., Ms. Marni Wieshofer, C.A., M.B.A., Ms. Judy Baker, B.Sc., M.B.A., and Ms. Carrie Howes, B.A. Each board member brings a distinct skill-set representing the various functions required to operate in the junior mining sector, particularly in geology, engineering, finance, legal, and the markets, both local and abroad.

Officers appointed by the newly constituted Board of Directors are: Scott Jobin-Bevans, Ph.D., P. Geo., Vice-President, Exploration; Annie Karahissarian, B. Comm., Chief Financial Officer; and Shanda Theaker, B.A., as Corporate Secretary.

At the closing of Naples' Qualifying Transaction in September, 2007, Naples acquired all of the issued and outstanding securities of Takara Resources Inc., a private company incorporated pursuant to the laws of British Columbia. This company will simultaneously change its name to Takara Resources (B.C.) Ltd., and will continue to operate as a wholly owned subsidiary.

The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, or the securities laws of any U.S. State, and may not be offered or sold in the United States or to any "U.S. Person" (as defined in Regulation S under the Securities Act of 1933) absent registration or an exemption from registration.

Certain information contained in this press release, including information and statements which may contain words such as "could", "plans", "should", "anticipates", "expect", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward-looking information. All of the forward-looking information contained in this press release is qualified by this cautionary statement. There can be no assurance that the actual results or developments anticipated by Naples, as expressed or implied by the forward-looking information, will be realized or, even if substantially realized, that they will have the expected consequences to or effects on Naples or its business operations. Naples disclaims any intention or obligation to update or revise any forward-looking information as a result of new information or future events. Readers should not place undue reliance on forward-looking information.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Naples Capital Corp.
    Jennifer L. Boyle
    President
    (647) 430-0966 (work)
    or
    Naples Capital Corp.
    Pamela Strand
    Chairperson of the board
    (780) 435-0045 (work)