Motapa Shareholders Approve Plan of Arrangement With Lucara
26 Junio 2009 - 2:00PM
Marketwired Canada
Motapa Diamonds Inc. (TSX VENTURE:MTP) ('Motapa') is pleased to report that the
previously announced acquisition of all of the outstanding shares in Motapa by
Lucara Diamond Corp. ('Lucara') pursuant to a plan of arrangement under the
Business Corporations Act (B.C.) has been overwhelmingly approved by Motapa
shareholders. The transaction was approved by a vote of 99.7% in favour at a
special meeting of Motapa shareholders held today.
Under the plan of arrangement, each Motapa share will be exchanged for 0.9055
shares of Lucara. The convertible securities of Motapa will be acquired based on
the same exchange ratio.
The completion of the transaction remains subject to the final hearing of the
British Columbia Supreme Court, currently expected to take place on July 2,
2009, with the closing of the transaction to occur shortly thereafter.
On behalf of the Board
MOTAPA DIAMONDS INC.
Dr. Larry Ott, Chief Executive Officer
This news release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements involve
inherent risks and uncertainties and are subject to factors, many of which are
beyond the Company's control that may cause actual results or performance to
differ materially from those currently anticipated in such statements.
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