News: ACB A-Cap Energy Refers To Proposed Scheme Under Which Lotus Resources Would Buy Co

Oct 13 (Reuters) - A-Cap Energy Ltd (ACB) :

• REFERS TO PROPOSED SCHEME UNDER WHICH LOTUS RESOURCES WOULD ACQUIRE 100% OF A-CAP'S ISSUED SHARES AND LISTED OPTIONS
• WRITTEN CONFIRMATION RECEIVED FROM MINISTER OF MINERALS AND ENERGY OF REPUBLIC OF BOTSWANA
• WRITTEN CONFIRMATION RECEIVED FROM COMPETITION & CONSUMER AUTHORITY OF BOTSWANA
• CONDITION PRECEDENT TO SHARE SCHEME ON RECEIPT OF BOTSWANA REGULATORY APPROVALS HAS BEEN SATISFIED
• MINISTER HAS NO OBJECTION TO INTENDED CHANGE IN SHAREHOLDING OF HOLDER OF PROSPECTING LICENCE OR MINING LICENCE
• COMPETITION & CONSUMER AUTHORITY HAS UNCONDITIONALLY APPROVED PROPOSED ACQUISITION OF ENTIRE SHARE CAPITAL OF A-CAP BY LOTUS