RE: NUANCE!!!!!!!!!!!!!!!!I wish you were right, but that's not what the news said........don't see any insiders here.
LONGFORD ENERGY ANNOUNCES $7.5 MILLION UNDERWRITTEN PRIVATE PLACEMENT FINANCING
Longford Energy Inc. has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and including GMP Securities LP and Fraser Mackenzie Ltd., pursuant to which the underwriters have agreed to purchase 37.5 million units of the company at a price of 20 cents per unit for total gross proceeds to Longford of $7.5-million. Each unit will consist of one common share of the company and one-half of a common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share of the company at an exercise price of 30 cents per warrant for a period of 24 months from the closing date. The financing is scheduled to close on or about June 15, 2011.