CALGARY, ALBERTA--(Marketwire - July 5, 2012) - Longford Energy Inc. (TSX VENTURE:LFD.H) ("Longford" or the "Company") announces that it has appointed Mr. Joao Saraiva e Silva to the board of directors of Longford. Mr. Saraiva e Silva takes the place vacated by Mr. David Argyle who has resigned from the board to focus on other commitments.
Mr. Saraiva e Silva has over fourteen years of experience in the finance industry, with a special focus on the oil and gas sector. Over his career, Mr. Saraiva e Silva has gained significant experience across a number of jurisdictions as a banker, fund manager, board-level director and, more recently, as a senior executive.
Mr. Saraiva e Silva started his career with the investment banking division of Goldman Sachs International in London, where he advised on M&A and capital markets transactions involving more than $100 billion of underlying assets and spanning a broad spectrum of clients, energy sub-sectors and geographies. In 2008, Mr. Saraiva e Silva joined the London office of Och-Ziff Capital to assume responsibility over the fund's energy investments across Europe, Middle East, Africa and South East Asia. In connection with this role, Mr. Saraiva e Silva was also appointed to serve as board-level director of a number of Och-Ziff backed oil & gas ventures. Since September 2011, Mr. Saraiva e Silva has been the CFO of PetroJava, an independent oil & gas player with operations in South-East Asia. Mr. Saraiva e Silva holds an Economics degree from Nova University, Lisbon.
In connection with his appointment, Mr. Saraiva e Silva has been granted 250,000 stock options at a price of $0.105. The options vest immediately on the date of grant, subject to a four month regulatory hold. The options remain subject to regulatory approval and expire on July 5, 2017.
The board of Longford would like to thank Mr. David Argyle for his service to the Company and wish him well in the future.
About Longford Energy Inc.
Longford Energy Inc. is a public company listed on the NEX board of the TSX Venture Exchange.
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the appointment of new directors. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of operations. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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