SOURCE: Longview Capital Partners Incorporated

August 01, 2008 07:00 ET

Longview Capital Partners Acquires Additional Position in Pencari Mining Corporation

Early Warning Report

VANCOUVER, BC--(Marketwire - August 1, 2008) - Longview Capital Partners Incorporated (TSX: LV) ("Longview") issues this press release pursuant to Section 111 of the Securities Act (British Columbia), Section 141 of the Securities Act (Alberta) and Section 101 of the Securities Act (Ontario) with respect to Pencari Mining Corporation ("Pencari").

Pursuant to a private placement transaction (the "Private Placement"), Longview acquired ownership of 2,500,000 Common Shares ("Common Shares") and 2,500,000 share purchase warrants (each, a "Warrant") of Pencari, each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.15 per share until 18 months after the closing date of the Private Placement. These securities represent approximately 5.32% of Pencari's issued and outstanding share capital calculated on a partially diluted basis.

Longview now owns 12,124,000 common shares of Pencari and 2,500,000 share purchase warrants, representing approximately 29.55% of the issued and outstanding common shares of Issuer's issued and outstanding share capital calculated on a partially diluted basis.

Longview acquired these securities for investment purposes, thus depending on the economic or market conditions or matters relating to Pencari, Longview may choose to either acquire additional securities or dispose of Pencari.

Longview is an Investment Issuer, focused on capitalizing on early stage opportunities in the resource sector.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

On behalf of the Board of Directors,

Damien Reynolds,
Chairman & CEO

Contact Information

  • For more information on Longview Capital Partners, please contact:

    Mr. Spiro Kletas
    Investor Relations
    (604) 681-5755
    or visit our website at www.longviewcp.com

    Longview Capital Partners Incorporated
    1111 West Georgia Street, Suite 2400
    Vancouver, B.C.
    Canada V6E 4M3
    email: Email Contact
    fax: (604) 684-2990