Naples Provides Update on Proposed Qualifying Transaction

CCNMatthews Newswire | July 23, 2007 | Copyright

CALGARY, ALBERTA--(CCNMatthews - July 23, 2007) -

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

Naples Capital Corp. (TSX VENTURE:NAP.P) ("Naples") wishes to provide the following update in regard to its proposed Qualifying Transaction, originally announced on April 17, 2007. This news release should be read in conjunction with the April 17, 2007 news release. The Qualifying Transaction involves the proposed arm's length acquisition of Takara Resources Inc. (formerly named 0754545 B.C. Ltd.) ("Takara"), a private British Columbia company that has ...

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