Long Harbour Exploration Corp.
TSX VENTURE : LHC

December 06, 2011 13:25 ET

Long Harbour Reports Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2011) - Long Harbour Exploration Corp. (TSX VENTURE:LHC) reports that it will, subject to approval of the TSX Venture Exchange, undertake a private placement with an insider to raise $50,000 through the issuance of 400,000 units at a price of $0.125 per unit. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase, for a period of two years, one common share at a price of $0.125. The proceeds of this private placement will be allocated to general working capital.

Peter Espig, the new CEO of the company, is the single placee of this private placement. Mr. Espig stated, "Having recently accepted the role of CEO I believe it important to display personal alignment with shareholders."

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.

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