LA Mancha Resources Inc. (TSX:LMA)
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2 Years : From Dec 2011 to Dec 2013
La Mancha Resources Inc. (TSX: LMA) ("La Mancha" or "Company") announced today that 0944289 B.C. Ltd. has acquired the remaining 1,436,204 common shares of La Mancha (the "La Mancha Shares") not already owned by Weather Investments II S.à r.l. ("`Weather II") or its affiliates, representing approximately 1.01% of the outstanding La Mancha Shares on a fully-diluted basis, pursuant to Weather II's previously announced compulsory acquisition under the Business Corporations Act (British Columbia). As a result of such acquisition, Weather II and its affiliates now collectively own 142,725,850 La Mancha Shares, representing 100% of the outstanding La Mancha Shares on a fully diluted basis.
The La Mancha Shares have been delisted from the Toronto Stock Exchange ("TSX") at the close of business (Toronto time) on November 12, 2012 and from the Deutsche Börse AG ("DTB") at the close of business (Frankfurt time) on November 12, 2012. La Mancha intends to apply to the relevant securities commissions for it to cease to be a reporting issuer in all applicable jurisdictions in Canada following the delisting from the TSX and DTB.
About La Mancha Resources Inc.
La Mancha Resources Inc. is an international gold producer based in Canada with operations, development projects and exploration activities in Africa, Australia and Argentina. La Mancha'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
This press release contains forward-looking statements relating to the proposed acquisition of La Mancha. Statements based on management's current expectations contain known and unknown inherent risks and uncertainties. Actual results may vary from forecasts. The reader should not place undue faith in forward-looking information. The completion of the transactions contemplated by the support agreement entered into by and between La Mancha and Weather II, dated July 13, 2012, is subject to certain conditions. Failure to complete such transactions could have a material adverse effect on the trading price of shares of the La Mancha.
LA MANCHA ANNOUNCES COMPLETION OF COMPULSORY ACQUISITION BY WEATHER II: http://hugin.info/145163/R/1657334/536067.pdf
For further information please contact:
SVP Corporate Development
Tel: (514) 987-5115 ext. 25
Tel: (514) 987-5115 ext. 26