Yes = From Horses Mouth
Longford shareholders approve proposed Chia Surkh sale
2012-03-01 08:19 ET - News Release
Mr. Ahmed Said reports
LONGFORD RECEIVES SHAREHOLDER APPROVAL AND EXTENSION ON THE SALE OF ITS INTEREST IN THE CHIA SURK BLOCK
Longford Energy Inc. has provided an update on the proposed transaction to sell its 40-per-cent undivided interest in the Chia Surkh block in the Kurdistan region of Iraq to Genel Energy PLC.
At a special meeting of shareholders of Longford held on Feb. 27, 2012, the company received shareholder approval as 97 per cent of the votes cast were in favour of the proposed sale transaction.
According to the contingent assignment agreement signed between the parties on Jan. 31, 2012, the company had until March 1, 2012, to obtain approval of the Kurdistan regional government for the sale transaction.
In agreement with the Kurdistan regional government, the date for completion has now been extended to May 1, 2012, to allow sufficient time for the relevant authorities in Kurdistan to convene and consider the sale transaction.
We seek Safe Harbor.