SOURCE: Longview Capital Partners Incorporated

July 17, 2007 14:53 ET

Longview Capital Partners Acquires Additional Shares in Pacific Coast Nickel Corp. (Formerly Fargo Capital Corp.)

Early Warning Report

VANCOUVER, BC--(Marketwire - July 17, 2007) - Longview Capital Partners Incorporated (TSX-V: LV) ("Longview") issues this press release pursuant to Section 111 of the Securities Act (British Columbia) and Section 141 of the Securities Act (Alberta) with respect to Pacific Coast Nickel Corp. ("PCNC") (TSX-V: NKL).

On July 10, 2007, Longview acquired 5,600,000 common shares of PCNC at a deemed price of $0.40 per share as part of a qualifying transaction entered into between PCNC and Pacific Coast Nickel Corp. ("Pacific Coast"), a private British Columbia company, whereby PCNC acquired all of the issued shares of Pacific Coast. In addition, Longview acquired ownership of an additional 1,391,000 common shares of PCNC from shareholders of Fargo's initial public offering, of which 350,000 were purchased at a price of $0.15 per share and 1,041,000 were purchased at a price of $0.10 per share.

Subsequent to these acquisitions, Fargo changed its name to Pacific Coast Nickel Corp. ("Issuer") and commenced trading on the TSX Venture Exchange under the symbol: NKL-V.

The acquisition of these additional shares increased Longview's holdings to 7,991,000 common shares or 23.97% of the Issuer's current issued and outstanding share capital. Pursuant to a Tier 2 value escrow agreement, these shares are held in escrow, and will be released 10% on listing and 15% every six months thereafter.

Longview acquired these securities for investment purposes, thus depending on the economic or market conditions or matters relating to the Issuer, Longview may choose to either acquire additional securities or dispose of the Issuer.

Longview is an Investment Issuer, focused on capitalizing on early stage opportunities in the resource sector.

On behalf of the Board of Directors,

Damien Reynolds,
Chairman & CEO

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

Contact Information

  • Longview Capital Partners Incorporated
    1111 West Georgia Street, Suite 2400
    Vancouver, BC
    Canada V6E 4M3
    email: Email Contact
    fax: (604) 684-2990