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In the same category 
Offer Update - La Mancha TSX:LMA
Published : July 31, 2012
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LONDON--(Marketwire - July 31, 2012) -

LUXEMBOURG, July 31, 2012 - Weather Investments II S.A.R.L. ("Weather
II" or the "Offeror") is pleased to announce that, pursuant to its
offer to acquire all of the outstanding common shares (the "Common
Shares") of La Mancha Resources Inc.(TSX: LMA)("La Mancha") for $3.50
per Common Share in cash (the "Offer"), a total of 90,000,000 Common
Shares have been deposited as of the close of trading on July 30th,
2012. These shares represent approximately 62.8% of the outstanding
Common Shares, on a fully diluted basis.

In accordance with the terms and conditions of the support agreement
entered into between Weather II and La Mancha on July 13, 2012, the
Offer is conditional upon, amongst other things, there having been
validly deposited in accordance with the Offer and not withdrawn at the
expiry time that number of Common Shares which, together with any
Common Shares directly or indirectly owned by the Offeror or its
affiliates, constitutes at least 62.8% of the outstanding Common
Shares, on a fully-diluted basis.

Weather II, through one of its wholly-owned indirect subsidiaries,
mailed its Offer and take-over bid circular to La Mancha shareholders
on July 20, 2012. The directors' circular of the board of directors of
La Mancha was concurrently mailed with the Offer and take-over bid
circular.

The Offer will remain open for acceptance until 5:00 p.m. (Montreal
time) on August 27, 2012, unless extended or withdrawn.

The board of directors of La Mancha, after receiving the unanimous
recommendation of the special committee of independent directors and a
fairness opinion from its financial advisor and after consultation with
its legal advisers unanimously determined that the Offer is fair to the
holders of Common Shares and recommended to La Mancha shareholders that
they accept the Offer.

Full details of the Offer are contained in the take-over bid circular
of the Offeror and the La Mancha directors' circular, copies of which
are available under La Mancha's profile at www.sedar.com.

Computershare Investor Services Inc. is the depositary for the Offer.
Shareholders can obtain copies of the take-over bid circular and
related materials at no charge from the depositary at 1-800-564-6253 or
by email at corporateactions@computershare.com. The information agent
for the Offer is Georgeson Shareholder Communications Canada Inc.
Inquires should be directed to the information agent tollfree at
1-866-676-2882 or askus@georgeson.com. Additional copies of these
documents may also be obtained on request from the information agent.


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.

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 information is provided by RNS
          The company news service from the London Stock Exchange

END


Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com
Data and Statistics for these countries : Argentina | Australia | Canada | Egypt | Luxembourg | All
Gold and Silver Prices for these countries : Argentina | Australia | Canada | Egypt | Luxembourg | All
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La Mancha Resources

PRODUCER
CODE : LMA.TO
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In the News and Medias of La Mancha Resources
5/9/2011La Mancha restarts Cote d'Ivoire mine
Annual reports of La Mancha Resources
Annual Report
Nominations of La Mancha Resources
4/2/2012ANNOUNCES CHANGES TO ITS BOARD OF DIRECTORS
5/4/2011Appoints New COO and CFO
2/26/2007New Appointments to the Board of La Mancha
Financials of La Mancha Resources
8/8/2011POSTS RECORD NET EARNINGS FOR THE SECOND QUARTER
11/9/2010Reports its Third Quarter Results
3/27/2009A Profitable Fourth Quarter Consolidates La Mancha 2008 Year...
Project news of La Mancha Resources
3/29/2011(Frog's Lake)A Record Year for La Mancha in 2010 as Production Increases ...
2/24/2011(Ity)ITY Mine Update
12/17/2010(Ity) Ity Mine Update
12/8/2010(Ity) Ity Mine Continues Operations
11/22/2010(Frog's Lake)First Half of Frog Leg's Delineation Programs Adds 180,000 O...
11/22/2010(Frog's Lake)First Half of Frog Leg's Delineation Program Adds 180,000 Ou...
8/23/2010(Fetekro)Intersects Grades of Up to 135 g/t Au at Its Fetekro Propert...
8/3/2010First Stages of Frog's Leg Drilling Extension Program Return...
7/29/2009(Hassaï)New Longhole Drilling Doubles the Length of La Mancha's Hass...
7/20/2009(Frog's Lake)Frog's Leg Mine to Boost its Average Annual Gold Production ...
5/26/2009(Hassaï)Confirms the Presence of a Second Enriched Zone at the Hassa...
5/8/2009(Frog's Lake)Profits Surge as Australian Mine Turns Cash Flow Positive an...
2/17/2009(Frog's Lake)Plans to Increase Production to up to 100,000 oz of Gold in ...
2/17/2009(White Foil)White Foil Set to Become La Mancha's Fourth Producing Mine
1/22/2009(Frog's Lake)2008 Year End Production Increases 33% to 71,550 Ounces
1/7/2009(Hassaï)Hassai Mine Tailings Begin Adding to La Mancha's Gold Resour...
1/5/2009(Ity)Resource at La Mancha's Ity Mine Jumps 50% on Excellent Dril...
12/10/2008(Hassaï)Recent VMS Drilling Suggests the Presence of a Supergene Zon...
10/28/2008(Frog's Lake)Positive Drill Results South of Frog's Leg Mine
7/30/2008(Hassaï)Preliminary Drill Results at La Mancha's Hassai Mine Suggest...
8/8/2008(Frog's Lake)Posts its Highest Quarterly Gold Production to Date
5/13/2008(Frog's Lake)Obtains a First Gold Pour From New Australian Frog's Leg Min...
4/23/2008(Frog's Lake)Reports Wide High-Grade Intercepts 150 Meters Below Current ...
7/5/2007(Frog's Lake)Frog?s Leg?s Resource Nearly Doubles
Corporate news of La Mancha Resources
11/13/2012Offer Update
6/27/2011Hassai Mine's Third Quarter Production Impacted
1/14/2011RECORD GOLD PRODUCTION IN 2010
9/17/2010COO Bill Plyley Announces Retirement
7/22/2010Confirms the Discovery of a New Gold Mineralised Zone at its...
5/12/2010Continues to Generate Profits Into 2010
11/11/2009Reports Another Strong Quarter
8/7/2009Posts Record Quarterly Net Earnings As Gold Production Rises...
2/4/2009Takes Advantage of Strong Gold Prices
2/5/2008 to Spend $10.6 Million on Exploration in 2008
5/28/2007Completes the Renewal of the Ity Mine's Mining Permit
5/16/2007Frog's Leg Results Exceed Expectations
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TORONTO (LMA.TO)Other OTC (LACHF.PK)
3.50+0.00%3.48+0.00%
TORONTO
CA$ 3.50
11/08 12:07 -
0%
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3.50 3.50
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Year l/h YTD var.
 -  -
52 week l/h 52 week var.
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Volume 1 month var.
1,500 -%
24hGold TrendPower© : 18
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