Capella Resources Signs Agreement to Acquire Tripple Uranium Resources

    VANCOUVER, BRITISH COLUMBIA, March 15 /CNW/ - Capella Resources Ltd.
(TSX-V:CPS) ("CAPELLA" or the "Company") further to the Company's news release
of February 20, 2007, Capella is pleased to announce that it has signed an
agreement to enter into a business combination with Tripple Uranium Resources
("Tripple Uranium"), a privately-held mineral exploration company primarily
engaged in the exploration of uranium prospects with assets in eastern Canada.

    Pursuant to the agreement, Capella will issue 1 share of Capella for each
1.5 outstanding common shares of Tripple Uranium outstanding on the closing
date of the transaction. The foregoing transaction is subject to all requisite
regulatory approvals and approval of the shareholders of Capella and Tripple
Uranium as may be required. Closing is expected to occur on or before May 30,

    Tripple Uranium Resources currently holds approximately 19,000 mineral
claims located in Labrador, Newfoundland, Nova Scotia and New Brunswick. These
claims represent approximately 1.1 million acres of land or approximately 1720
square miles.

    R.A. Bruce McDonald, Chairman of the Board of Capella stated, "These
claims and the transaction with Tripple represent a significant step forward
in the development of the Company and the package of exploration projects that
it currently has. The management of Tripple Uranium and their experience in
Eastern Canada will be an asset to the ongoing operations of the Company."

    Further details of the proposed acquisition will be made available upon
completion of the definitive agreement.


SOURCES LTD. Per: R.A. "Bruce McDonald" R.A. Bruce McDonald, Chairman of the Board Not for distribution to the United States newswire services or for dissemination in the United States. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. "The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release."

For further information:

For further information: Skyline Investor Relations Brian Cole,
604-733-3356 Toll Free: 866-433-3356 Email:

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890