VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 27, 2009) –
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Arapaho Capital Corp. (TSX VENTURE:AHO) (“Arapaho”) and Malbex Resources Inc. (“Malbex”) report that they continue to progress towards completion of their previously-announced business combination (the “Proposed Transaction”).
The Proposed Transaction will be effected by way of a three-cornered amalgamation whereby Malbex will amalgamate with a wholly-owned subsidiary of Arapaho and shareholders of Malbex will receive common shares of Arapaho on the basis of one common share of Arapaho for 1.5 common shares of Malbex.
It is currently anticipated that the closing of the Proposed Transaction will take place on or before August 31, 2009.