Piper Capital Inc.

Piper Capital Inc.

April 03, 2006 15:22 ET

Piper Capital Inc. Annual & Special Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2006) - Piper Capital Inc. (TSX VENTURE:PCL) ("the Company" or "Piper") announces the results of the Company's Annual & Special Meeting held in Vancouver on Friday, March 31, 2006.

All of the resolutions contained in the management Information Circular dated February 28, 2006 were approved by the shareholders of the Company.

A resolution fixing the number of Directors of the Board of the Company at six was approved, and directors Chuck Hawley, Kenneth Judge, John Prochnau, David Cowan, David Tafel and Pamela Strand were reelected.

Disinterested shareholders approved a special resolution authorizing the disposition of the Company's Golden Zone and South Estelle Mineral Properties to Hidefield Gold plc - an AIM listed Company, as previously announced February 22, 2006. This transaction is subject to TSX approval and is expected to close by the end of April 2006, at which time Ken Judge, John Prochnau and David Cowan will resign as directors.

Staley Okada & Partners, Chartered Accountants were reappointed as auditors for the ensuing year and shareholders approved the Company Stock Option Plan.


David Tafel, Director

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

Contact Information