Aug 30, 2005. /Lesprom Network/. Masisa S.A. announced that at its extraordinary shareholders' meeting its shareholders approved a proposed capital increase of $150 million. The capital increase will be conducted through one or more share offerings, totaling 650 million shares at a price to be determined by the company's board of directors within the next 120 days. The proceeds from the capital increase will be used mainly to finance a portion of the company's capital expenditure plans for the next 3 years, which include a new MDF plant in Chile, announced in June 2005, as well as additional investments, including a new MDF plant in Brazil, a plywood plant in Chile and forestry investments in Chile and Brazil. A registration statement relating to these securities has not yet been filed with the U.S. securities and exchange commission. These securities, if registered, may not be sold nor may offers to buy be accepted prior to the time the proposed registration statement becomes effective. Masisa is a company that produces and commercializes wood panels internationally, operating within a framework of ethics and social and environmental responsibility.