Posting of Circular and Notice of General Meeting
11 Marzo 2010 - 1:00AM
UK Regulatory
TIDMPDF
RNS Number : 4046I
Pangea DiamondFields PLC
11 March 2010
Pangea DiamondFields plc
('Pangea' or the 'Company')
Posting of Circular
and
Notice of General Meeting
On 22 February 2010 Pangea announced that it had entered into a legally binding
conditional sale and purchase agreement with International Gold Exploration AB
('IGE') whereby Pangea would merge its diamond interests with IGE by way of the
disposal to IGE of the entire issued share capital of Efidium Limited
('Efidium') which is the holding company for all operational activities of
Pangea, together with all intra-group claims in favour of Pangea (the
'Disposal').
The proposed Disposal constitutes a "disposal resulting in a fundamental change
of business" under Rule 15 of the AIM Rules for Companies and, accordingly,
completion of the Disposal is conditional, inter alia, on approval by
shareholders at an extraordinary general meeting of the Company.
Notice of an extraordinary general meeting, to be held at 2 p.m. on 26 March
2010, is contained in a circular which has today been sent to shareholders of
the Company (the 'Circular'). An electronic copy of the Circular will shortly be
available on the Company's website at www.pangeadiamondfields.com.
Further information:
+----------------------+------------------------+-----------------------+
| Pangea DiamondFields | Ambrian Partners | Walbrook PR Ltd |
| plc | Limited | |
| | | |
+----------------------+------------------------+-----------------------+
| Boris Kamstra | Richard Brown / | Louise Goodeve / Leah |
| | Richard Greenfield | Kramer |
+----------------------+------------------------+-----------------------+
| T: +27 11 438 4100 | T: +44 (0) 20 7634 | T: +44 (0) 20 7933 |
| | 4700 | 8780 |
| | | |
+----------------------+------------------------+-----------------------+
Notes to Editors:
Pangea DiamondFields plc (AIM: PDF) is an emerging diamond producer and
exploration company with a portfolio of five projects each with multiple
resource targets, located in Angola, South Africa and the Democratic Republic of
the Congo. The Company aims to minimise risk by diversifying its projects
geographically.
PDF listed on AIM in October 2006 and is led by a strong management team, with a
track record for creating shareholder value in mineral exploration.
For more information on PDF, please visit:
http://www.pangeadiamondfields.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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