By Sheri Kasprzak
New York, Dec. 23 - Longford Corp. said it has concluded a private placement for C$1,065,000.
The company issued 2.86 million flow-through shares and 1.4 million non flow-through units at C$0.25 each.
The units include one share and one half-share warrant. The whole warrants are exercisable at C$0.25 each through June 21, 2007.
The deal was first announced Sept. 28 as a C$1 million offering of an undetermined number of shares and units.
Based in Calgary, Alta., Longford is an oil and natural gas exploration company.
| Issuer: | Longford Corp.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$1,065,000
|
| Placement agent: | Non-brokered
|
| Pricing date: | Sept. 28
|
| Settlement date: | Dec. 22
|
| Stock price: | C$0.24 at close Sept. 28
|
| Stock price: | C$0.24 at close Dec. 22
|
|
|
| Flow-through shares
|
| Shares: | 2.86 million
|
| Price: | C$0.25
|
| Warrants: | No
|
|
|
| Units
|
| Units: | 1.4 million
|
| Price: | C$0.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | June 21, 2007
|
| Warrant strike price: | C$0.25
|
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