SOURCE: Longview Capital Partners Incorporated

December 07, 2006 16:00 ET

Longview Capital Partners Closes Final Traunch of Private Placement

VANCOUVER, BC -- (MARKET WIRE) -- December 7, 2006 -- Longview Capital Partners Inc. (TSX-V: LV) (the "Company") is pleased to announce that the final traunch of the non-brokered private placement announced on November 7, 2006, has now closed. A total of 19,795,356 Units were placed at a price of $0.70 per Unit for gross proceeds of $13,856,749, to be used to continue Longview's investment plans pursuant to its investment policy. Each Unit is comprised of one common share and one half of one share purchase warrant. Each whole warrant is exercisable for one additional common share at a price of $1.00 per share for a period of 18 months from closing.

The final traunch consisted of 4,426,885 units for gross proceeds of $3,098,120. Securities issued under the final traunch of the private placement are subject to a four-month hold period from the date of close. Finders' fees were paid on a portion of this placement.

On behalf of the Board of Directors,

Damien Reynolds,
Chairman & CEO
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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.

The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Longview Capital Partners Inc.
    1111 West Georgia Street, Suite 2400
    Vancouver, BC
    Canada V6E 4M3
    phone: +(604) 681 5755
    fax: +(604) 684 2990