WeatherII Completes Compuslory Acquisition of La Mancha Shares
LUXEMBOURG, November 13,2012: Weather Investments II S.a r.l. ("WeatherII" or the"Company") and its indirect wholly-owned subsidiary, 0944289 B.C. Ltd. (the "Offeror"), announced today that it has acquired the remaining 1,436,204 common shares (the "La Mancha Shares") of LaMancha Resources Inc. (TSX: LMA) ("LaMancha") not already owned by Weather II or its affiliates, representing approximately 1.01% of the outstanding La Mancha Shares on a fully-diluted basis, pursuant to a 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 Borse AG ("DTB") at the close of business (Frankfurt time) on November 12, 2012. The Offeror intends to cause La Mancha 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.
The Offeror is an indirect wholly-owned subsidiary of WeatherII. Its registered office is 800-885 West Georgia Street, Vancouver, BritishColumbia, V6C3H1. To obtain a copy of the report filed with the Canadian securities regulatory authorities relating to the compulsory acquisition by the Offeror of the remaining LaMancha Shares pursuant to the Offer, contact the individuals listed below.
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
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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