BPC.L Regulatory News (BPC)

1 Sep 2008 14:37



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Date: 1 September 2008

On behalf of: Falkland Gold & Minerals Limited ("FGML")

Falkland Gold and Minerals Limited

Offer Unconditional

Result of Extraordinary General Meeting ("EGM")

Offer update

On 8 August 2008, FGML posted an offer document (the 'Offer Document') to BPC Shareholders in respect of the offer on the basis of 6 FGML Shares for each BPC Share (the 'Offer').

FGML has received valid acceptances in respect of 118,564,973 BPC Shares, representing the entire existing issued ordinary share capital of BPC and 100 per cent. of the BPC Shares to which the Offer relates. Accordingly, following approval of the Resolution at the EGM today and Admission, the Offer will become unconditional.

EGM result

The Board of FGML is pleased to announce that at the EGM of the Company held earlier today, the Resolution was duly passed and accordingly, the shareholders of FGML approved the acquisition of BPC Limited, the change the name of FGML to BPC Limited and the admission of the enlarged share capital to trading on AIM.

Application has been made for the admission of the enlarged share capital of FGML to trading on AIM and it is expected that dealings will commence on 2 September 2008. 

Unless otherwise defined herein, terms are as defined in the AIM Admission Document issued on 8 August 2008.

Enquiries:

THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. THE MATERIAL SET FORTH HEREIN IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED, AND SHOULD NOT BE CONSTRUED, AS AN OFFER OF SECURITIES FOR SALE INTO THE UNITED STATES OR ANY OTHER JURISDICTION. THE SECURITIES OF THE COMPANY DESCRIBED HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR THE LAWS OF ANY STATE, AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES, EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE LAWS. THERE WILL BE NO PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES.