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.
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Issue: | Flow-through shares
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Amount: | C$1.716 million
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Shares: | 6.864 million (includes greenshoe for 864,000 shares)
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Price: | C$0.25
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Warrants: | No
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Settlement date: | Dec. 22
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Stock symbol: | TSX Venture: LFD
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Stock price: | C$0.215 at close Dec. 22
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Units
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Issuer: | Longford Corp.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$500,000
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Units: | 2 million
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Price: | C$0.25
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Warrants: | One half-share warrant per unit
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Warrant expiration: | June 22, 2008
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Warrant strike price: | C$0.30
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Settlement date: | Dec. 22
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Stock symbol: | TSX Venture: LFD
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Stock price: | C$0.215 at close Dec. 22
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