Interesting DevelopmentIt seems from the sentence beow that the regulators are questioning the company on their commitments. It would be interesting to know exactly what questions were asked. These guys at FORBES have being undergoing serious scrutiny by regulators recently. They had a similar issue in ADV and when their investors presentation was filled with dubious claims and they were asked to make necessary changes immediately by the regulators. It took them almost 4 years to complete a seismic and they have delayed drilling more than three times. No wonder the regulators are stepping in!!!!
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.