Offer Update

Marketwired

LONDON--(Marketwire -08/28/12)-

 

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. (LMA.TO) ("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: public-relation@weathertwo.com
Relations


Societe Generale Jan Sanders Tel: +44 20 7762 4656

(Sole Financial E-mail: jan.sanders@sgcib.com
Advisor)

Matthew Tel: +44 20 7676 6345
Harker
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

END
Contact:

RNS
Customer
Services
0044-207797-4400
Email Contact
http://www.rns.com

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