VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) - Long Harbour Exploration Corp. (TSX VENTURE:LHC) announces that, subject to TSX Venture Exchange approval, it has arranged a non-brokered private placement of 1,333,333 units at $0.15 per unit for gross proceeds of $200,000. Each unit consists of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of $0.25 for a period of 12 months from the closing of the offering.
Proceeds from the offering will be used for general working capital. Finder's fees will be payable on a portion of this private placement.
Long Harbour also reports that it is investigating potential resource property acquisitions to supplement its current property interests.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Contact Information:
Anthony Zelen
Investor Relations
778-331-2030
lhc@senergyir.com
www.senergyir.com
Long Harbour Exploration Corp.
Geoff Lee
CFO
604-602-9222
604-648-2201 (FAX)
www.longharbourexploration.com