Longford Corporation
TSX VENTURE : LFD

December 13, 2006 09:28 ET

Longford Corporation Amends Terms of $2 Million Non-Brokered Private Placement

CALGARY, ALBERTA--(CCNMatthews - Dec. 13, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Longford Corporation (TSX VENTURE:LFD) today announced that it has amended the terms of its previously announced private placement financing. The Company intends to raise up to $2 million by way of a non brokered private placement through the issuance of a combination of Units priced at $0.25 per Unit and Flow Through Shares priced at $0.25 per Flow Through Share. Each Unit will consist of one common share and one half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to purchase one additional common share at a price of $0.30 for a period of 18 months following the closing date.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

Longford Corporation is a Canadian oil and gas exploration company listed on the TSX Venture Exchange under the symbol "LFD". The Company is focused on exploring for and developing North American oil and gas assets and currently has two Coal Bed Methane projects in Barrhead Alberta and Moundville Alabama.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the 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.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Longford Corporation
    David Walters
    President & C.E.O.
    (403) 263-3000 x 298