Dec 23 (Reuters) - 9 Capital Corp NCPLp.V :
* 9 CAPITAL ANNOUNCES PROPOSED QUALIFYING TRANSACTION WITH CHURCHILL DIAMOND CORPORATION
* 9 CAPITAL CORP - PROPOSED TRANSACTION WILL BE A REVERSE TAKEOVER OF CO BY CHURCHILL AND ITS SHAREHOLDERS
* 9 CAPITAL CORP - CO WILL EFFECT A NAME CHANGE TO SUCH NAME AS MAY BE DETERMINED BY CHURCHILL
* 9 CAPITAL CORP - EXPECTED THAT FOLLOWING COMPLETION OF TRANSACTION, CO'S SHAREHOLDERS WILL HOLD APPROXIMATELY 20.4% OF 9 CAPITAL SHARES
* 9 CAPITAL CORP -EXPECTED THAT FOLLOWING COMPLETION OF PROPOSED DEAL, CURRENT SHAREHOLDERS OF CHURCHILL WILL HOLD ABOUT 65.4% OF 9 CAPITAL SHARES