La Mancha implements its growth strategy in Australia: acquires Frog's Leg's minority stake and launches own mill
Only five months since the buy-out of the La Mancha Group, we are moving rapidly towards becoming a strong mid-tier gold producer. This deal marks a key milestone for La Mancha's new development strategy, which aims to increase the current gold production four-fold to reach 500,000 ounces per year by 2016. We have now reached the critical size to launch the construction of our own processing plant, thereby setting up the platform to continue to develop our mining assets in Australia.
LA MANCHA ANNOUNCES COMPLETION OF COMPULSORY ACQUISITION BY WEATHER II
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.
LA MANCHA SHAREHOLDERS ACCEPT THE WEATHER INVESTMENTS II OFFER
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.