Raptor Capital Corporation - Update on special meeting of shareholders



    
    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE
    SERVICES./
    

    CALGARY, Feb. 2 /CNW/ - Raptor Capital Corporation ("Raptor" or the
"Corporation") (RCP.H) is pleased to announce that all matters put before its
shareholders at the special meeting of shareholders held on Friday, January
30, 2009 were approved by the Corporation's shareholders. The special items of
business were put forth for approval by the Corporation's shareholders as part
of a corporate restructuring plan and included the approval of the
Corporation's stock option plan, the change of name of the Corporation to
"Valparaiso Energy Inc.", the consolidation of the Corporation's common shares
on a 20:1 basis, and the issuance of common shares to certain of the
Corporation's debenture, loan and promissory note holders, details of which
were all disclosed in Raptor's management information circular dated January
5, 2009. Completion of the corporate restructuring plan is still subject to
final regulatory approval.

    
    THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
    DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED
    STATES.
    

    This news release may contain certain forward-looking statements that
reflect the current views and/or expectations of Raptor Capital Corporation
with respect to its performance, business and future events. Such statements
are subject to a number of risks, uncertainties and assumptions. Specifically,
certain of the transactions referenced herein are subject to regulatory
approval, and there can be no guarantee that such approvals will be received,
in a timely manner or at all. Actual results and events may vary.

    
    - Neither the TSX Venture Exchange nor its Regulation Services Provider
    (as that term is defined in the policies of the TSX Venture Exchange)
    accepts responsibility for the adequacy or accuracy of this release -
    

    %SEDAR: 00009590E




For further information:

For further information: William J. Wylie, Raptor Capital Corporation,
T: (403) 266-5515 (Ext. 4), E: Bill@raptap.com

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RAPTOR CAPITAL CORPORATION

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