By Sheri Kasprzak
New York, Dec. 22 - Longford Corp. concluded a private placement of flow-through shares and units for C$2.216 million.
The company sold 6.864 million flow-through shares at C$0.25 each and 2 million units at C$0.25 each, including a greenshoe for 864,000 flow-through shares.
The units consist of one share and one half-share warrant. Each whole warrant is exercisable at C$0.30 through June 22, 2008.
Based in Calgary, Alta., Longford is an oil and natural gas exploration and development company.
Flow-through shares
| Issuer: | Longford Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.716 million
|
| Shares: | 6.864 million (includes greenshoe for 864,000 shares)
|
| Price: | C$0.25
|
| Warrants: | No
|
| Settlement date: | Dec. 22
|
| Stock symbol: | TSX Venture: LFD
|
| Stock price: | C$0.215 at close Dec. 22
|
|
|
| Units
|
| Issuer: | Longford Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$500,000
|
| Units: | 2 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 22, 2008
|
| Warrant strike price: | C$0.30
|
| Settlement date: | Dec. 22
|
| Stock symbol: | TSX Venture: LFD
|
| Stock price: | C$0.215 at close Dec. 22
|
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