Weather II offer for La Mancha expires: proceeding with compulsory acquisition
11.09.2012 | Marketwire
September 11, 2012 - Weather Investments II S.a r.l. ("Weather II" or the "Company") and its indirect wholly-owned subsidiary, 0944289 B.C. Ltd. (the "Offeror"), announced today that an additional 18,550,051 common shares (the "La Mancha Shares") of La Mancha Resources Inc. (TSX: LMN) ("La Mancha") representing approximately 13% of the outstanding La Mancha Shares on a fully diluted basis were deposited and have been taken up under the offer (the "Offer") by the Offeror to acquire all of the La Mancha Shares at a price of C$3.50 per La Mancha Share. The Offeror has acquired a total of 141,289,646 La Mancha Shares pursuant to the Offer. Weather II and its affiliates now collectively own 141,289,646 La Mancha Shares, representing approximately 98.99% of the outstanding La Mancha Shares on a fully diluted basis. The Offer is now closed.As the Offer was accepted by holders of more than 90% of the La Mancha Shares (other than La Mancha Shares held by the Offeror and its affiliates and associates at the date of the Offer), the Offeror will exercise its rights under the compulsory acquisition provisions of the Business Corporations Act (British Columbia) to acquire all outstanding La Mancha Shares. A notice of compulsory acquisition will be mailed promptly to all remaining holders of La Mancha Shares.
The Offeror is a direct or indirect wholly-owned subsidiary of Weather II. Its registered office is 800-885 West Georgia Street, Vancouver, British Columbia, Canada, V6C3H1. To obtain a copy of the report filed with the Canadian securities regulatory authorities relating to the acquisition by the Offeror of La Mancha Shares pursuant to the Offer, contact the individuals listed below.
About Weather Investments II S.a r.l.
Weather Investments II S.a r.l. is one of the many successful businesses managed by Mr.Naguib Sawiris. The wider Sawiris Family of Egypt have substantial indirect interests in existing operations in the telecoms, construction and fertilizers, cement, real estate and hotel development industries.
About La Mancha Resources Inc.
LaMancha Resources Inc. is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina. LaMancha's shares trade on the Toronto Stock Exchange (TSX) under the symbol "LMA". For more information, visit the Company's website at www.lamancha.ca
All amounts expressed in C$ unless otherwise indicated
For further information please contact:
Weather II
Public Relations
Email:public-relation@weathertwo.com
Societe Generale
(Sole Financial Advisor)
Jan Sanders
Tel: +44 20 7762 4656
E-mail: jan.sanders@sgcib.com
Matthew Harker
Tel: +44 20 7676 6345
E-mail: matthew.harker@sgcib.com
La Mancha
Martin Amyot, SVP
Corporate Development
Tel: (514) 987-5115 ext. 25
E-mail: info@lamancha.ca
Nicole Blanchard, Investor Relations
Tel: (514) 987-5115 ext. 26
E-mail: nblanchard@lamancha.ca
This information is provided by RNS
The company news service from the London Stock Exchange
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