La Mancha Announces Completion of Compulsory Acquisition by Weather II
November 13 2012 - 11:00AM
Marketwired
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
Forward-Looking Information: 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: 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