September 11, 2012
WEATHER II ANNOUNCES COMMENCEMENT OF COMPULSORY ACQUISITION
MONTREAL--(September 11, 2012) - On July 18, 2012, 0944289 B.C. Ltd. (the "Offeror"), a wholly owned subsidiary of Weather Investments II S.Ã r.l., made an offer (as extended pursuant to the notice of extension dated August 28, 2012) (the "Offer") to purchase all of the issued and outstanding common shares of La Mancha Resources Inc. ("La Mancha") other than the common shares directly or indirectly owned by the Offeror or its affiliates (collectively, the "La Mancha Shares").
The Offer was accepted by La Mancha shareholders who held, in aggregate, more than 98.99% of the outstanding La Mancha Shares. The Offeror is therefore entitled under Canadian law to compulsorily acquire outstanding La Mancha Shares not accepted under the Offer.
About Weather Investments II S.Ã r.l.
Weather Investments II S.Ã 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.
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 (http://www.lamancha.ca/)
For further information please contact:
| Weather II | Public Relations | Email: public-relation@weathertwo.com (mailto:public-relation@weathertwo.com) |
| Societe Generale (Sole Financial Advisor) | Jan Sanders | Tel: +44 20 7762 4656 E-mail: jan.sanders@sgcib.co (mailto:jan.sanders@sgcib.com)m (mailto:jan.sanders@sgcib.com) |
| Matthew Harker | Tel: +44 20 7676 6345 E-mail: matthew.harker@sgcib.co (mailto:matthew.harker@sgcib.com)m (mailto:matthew.harker@sgcib.com) | |
| La Mancha | Martin Amyot, SVP Corporate Development | Tel: (514) 987-5115 ext. 25 E-mail: info@lamancha.ca (mailto:info@lamancha.ca) |
| Nicole Blanchard, Investor Relations | Tel: (514) 987-5115 ext. 26 E-mail: nblanchard@lamancha.ca (mailto:nblanchard@lamancha.ca) |
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: La Mancha Resources via Thomson Reuters ONE
