Wonder how are these guys feel about their investm
Longford Energy 37.5-million-share private placement
2011-09-14 17:03 ET - Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced May 31, 2011.
Number of shares: 37.5 million shares
Purchase price: 20 cents per unit
Warrants: 18.75 million share purchase warrants to purchase 18.75 million shares
Warrant exercise price: 30 cents for a period of two years
Hidden placees: 55 hidden placees
Pro groups: Matthew Gaasengeek, 1.5 million; John Scott Davidson, 50,000; Scott Wigle, 50,000; Graham Saunders, 1.5 million; Jamie Levy, 250,000; Robert Achtymichuk, 142,000; Gregory Flower, 100,000; Bruce McDonald, 750,000; James Oleynick, 250,000
Insiders: Sigward Slotboom, 125,000; Quantum Partners LP (Jay Schoenfarber), 9.05 million
Agents' fees: Canaccord Genuity Corp., $315,000 cash and 1,575,000 broker warrants; GMP Securities LP, $90,000 cash and 450,000 broker warrants; Fraser Mackenzie Ltd., $45,000 cash and 225,000 broker warrants (Each broker warrant is exercisable at a price of 20 cents per share for a period of two years.)