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MTP Motapa Diamonds Com Npv

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Motapa Diamonds Com Npv TSXV:MTP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Motapa Shareholders Approve Plan of Arrangement With Lucara

26/06/2009 8:00pm

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.


1 Year Motapa Diamonds Com Npv Chart

1 Year Motapa Diamonds Com Npv Chart

1 Month Motapa Diamonds Com Npv Chart

1 Month Motapa Diamonds Com Npv Chart