Completion of Disposal of Efidium Limited


 

TIDMPDF 
 
RNS Number : 5874J 
Pangea DiamondFields PLC 
01 April 2010 
 

 
 
 
1 April 2010 
                                            AIM: PDF 
 
 
                            Pangea DiamondFields plc 
                          ('Pangea' or the 'Company') 
 
                    Completion of Disposal of Efidium Limited 
 
Further to the granting of shareholder approval on 26 March 2010 for the sale of 
Efidium Limited to International Gold Exploration AB ('IGE') (the 'Disposal'), 
Pangea is pleased to announce that the Disposal has formally completed and 
495,399,057 new IGE shares will now be issued to Pangea as consideration (the 
'Consideration Shares'). The Consideration Shares represent approximately 38.4 
per cent of IGE's issued share capital. 
 
As previously announced, the Company will shortly issue a circular to convene an 
extraordinary general meeting of the Company. The circular will seek shareholder 
approval for the commencement of a members' voluntary liquidation process to 
distribute the Consideration Shares to shareholders, in addition to 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: +27 11 438 4100   | T: +44 (0) 20 7634     | T: +44 (0) 20 7933    | 
|                      | 4700                   | 8780                  | 
|                      |                        |                       | 
+----------------------+------------------------+-----------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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