Long View Resources Corporation
TSX VENTURE : LRC

Long View Resources Corporation

September 08, 2005 17:44 ET

Long View Closes Merger with Wedona Energy Inc. and Wedona Energy II Inc.

CALGARY, ALBERTA--(CCNMatthews - Sept. 8, 2005) - The Board of Directors of Long View Resources Corporation (TSX VENTURE:LRC) ("Long View" or the "Corporation"), are pleased to announce the Corporation has successfully closed its previously announced amalgamation with Wedona Energy Inc. and Wedona Energy II Inc. The Corporation issued 8,924,000 common shares and 445,028 Series I Preferred Shares which were immediately redeemed by the Corporation at $4.80 per Series I Preferred Share for a total redemption of $2,139,000. The total purchase price was $6,601,000. The merger did not result in a change of control or management and the Corporation will continue under the name Long View Resources Corporation. The key benefits of the merger and the specific attributes of the resulting Long View were fully disclosed in a press release issued by the Corporation on June 27, 2005 via CCN Matthews and Stockwatch.

The Corporation also wishes to announce the appointment of Wilson H. Olive, QC, of Regina, Saskatchewan, to the board of directors. Mr. Olive is the senior partner in the law firm of Olive Waller Zinkhan & Waller. Mr. Olive has practiced law since 1972, with a focus primarily in the areas of corporate and commercial law.

In addition the Corporation announces the granting of incentive stock options to its directors, officers, employees, and consultants to purchase an aggregate of 1,100,000 common shares of the Corporation pursuant to its Stock Option Plan for Directors, Officers, Employees and Consultants. The options are for a five year term, expiring on September 8, 2010 and are exercisable at a price of $0.50 per share. The options shall be subject to a four month hold period.

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

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