RE: LongfordMoney is done with as bought PP
The NR today states they are not proceeding with the short form prospectus, so does that mean they found someone to take all the shares, and at what price?
Longford Energy Withdraws Financing
5/25/2011 5:44:46 PM
CALGARY, ALBERTA, May 25, 2011 (Marketwire via COMTEX News Network) --
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Longford Energy Inc. ("Longford" or the "Company") (TSX VENTURE:LFD) announces that the Company has elected not to proceed at this time with its short form prospectus offering while it evaluates alternative funding proposals and clarifies matters raised by the regulator with regards to the Company's commitments on its properties. The financing was previously disclosed in the Corporation's press release dated April 28, 2011.
In addition to the announced public financing, the Company has received a number of financing proposals that it continues to consider. The Company expects to provide more details regarding its financing plans in the near term