Result of Extraordinary General Meeting

 

TIDMPDF 
 
RNS Number : 2877J 
Pangea DiamondFields PLC 
26 March 2010 
 

 
 
 
AIM: PDF 
 
                            Pangea DiamondFields plc 
                          ('Pangea' or the 'Company') 
 
                    Result of Extraordinary General Meeting 
 
Further to its announcement of 22 February 2010, Pangea announces that at the 
extraordinary general meeting of the Company held at its registered office 
earlier today, shareholder approval was obtained for the disposal of Efidium 
Limited, the holding company for all operating activities of Pangea, to 
International Gold Exploration AB ('IGE') (the 'Disposal'). 
 
Separately, IGE shareholders voted in a general meeting earlier today and 
unanimously approved the  issue and allotment of 495,399,057 new IGE shares to 
Pangea as consideration for the Disposal (the 'Consideration Shares'). 
 
All conditions precedent under the Disposal agreement have now been satisfied. 
The Disposal is expected to formally complete by the end of March 2010. 
Following completion Pangea will convene a further extraordinary general meeting 
of the Company to seek shareholder approval for the commencement of a members' 
voluntary liquidation process to distribute the Consideration Shares to 
shareholders as previously advised along with the cancellation of the Company's 
admission to trading on the AIM market of the London Stock Exchange. 
 
 
Further information: 
 
+----------------------+------------------------+-----------------------+ 
| Pangea DiamondFields | Ambrian Partners       | Walbrook PR Ltd       | 
| plc                  | Limited                |                       | 
|                      |                        |                       | 
+----------------------+------------------------+-----------------------+ 
| Boris Kamstra        | Richard Brown /        | Louise Goodeve / Leah | 
|                      | Richard Greenfield     | Kramer                | 
+----------------------+------------------------+-----------------------+ 
| T: [phone]   | T: [phone]     | T: [phone]    | 
|                      | 4700                   | 8780                  | 
|                      |                        |                       | 
+----------------------+------------------------+-----------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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