La Mancha Resources Inc LACHF

86% acceptance of the offer

[stocktrader1407]

Marketwire Canada

PRESS RELEASE - August 28, 2012

All amounts expressed in Canadian Dollar unless otherwise indicated

WeatherII offer for La Mancha successful - Offer extended

LUXEMBOURG, August 28,2012: 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 122,739,595 common shares (the "LaManchaShares") of LaMancha Resources Inc. (TSX: LMA) ("LaMancha") representing approximately 86% of the outstanding LaMancha Shares on a fully diluted basis have been deposited to the offer (the "Offer") by the Offeror to acquire all of the LaMancha Shares at a price of CD3.50 per LaMancha Share. All of the conditions of the Offer have been satisfied and the Offeror has taken up all such deposited shares and will pay for all such shares by August29, 2012. WeatherII and its affiliates now collectively own 122,739,595 LaMancha Shares, representing approximately86% of the outstanding LaMancha Shares on a fully diluted basis.

The Offer has also been extended to enable the remaining LaMancha shareholders to receive prompt payment of CD3.50 (cash) per LaMancha Share. WeatherII will take up and pay for any LaMancha Shares validly tendered within twobusiness days of such tender. The Offeror intends to acquire all LaMancha Shares not tendered to the Offer following its expiry pursuant to a compulsory acquisition or a subsequent acquisition transaction.

The Offer is now open for acceptance until 5:00 p.m. (Montreal time) on September 10, 2012 (the "Expiry Time"), unless the Offer is further extended. The Offeror expects to mail a formal notice of extension shortly.

This press release does not constitute an offer to buy or an invitation to sell, or the solicitation of an offer to buy or an invitation to sell, any of the securities of LaMancha. Such an offer is only made pursuant to the Offer and take-over bid circular, the letter of transmittal, the notice of guaranteed delivery and other related offer materials which the Offeror has filed (or will file) with the Canadian securities regulatory authorities and mailed (or will mail) to holders of LaMancha Shares. The Offer is not being made to, nor will deposits be accepted from or on behalf of, LaMancha shareholders in any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction. Furthermore, the information contained in this press release does not constitute financial product advice. It has been prepared without reference to the investment objectives, financial situation, taxation situation and particular needs of any individual LaMancha shareholder. LaMancha shareholders should consider consulting with their investment, financial, taxation or other professional advisor before taking any action in relation to their investment in LaMancha.

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 acquisition by the Offeror of LaMancha Shares pursuant to the Offer, contact the individuals listed below.

Weather II Public Email: [e-mail] Relations

Societe Generale Jan Sanders Tel: [phone]

(Sole Financial E-mail: [e-mail] Advisor)

Matthew Tel: [phone] Harker E-mail: [e-mail]

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

END

SOURCE: Weather II Investments SARL

[e-mail]://www.rns.com

 

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[BearBullBrian]

That's a pretty good number and they should be able to make it to 90% by the extended deadline, unless, of course, a large shareholder is standing in the way. I doubt that because we would have heard about it.   BBB