Hair Cuts All Round !
Seems like Salida will get an expensive hair cut on this one !
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
TORONTO, ONTARIO--(Marketwire - March 1, 2012) - Salida Capital LP ("Salida") announced today that it has, on behalf of certain funds managed by it (the "Funds"), completed acquisitions (the "Acquisitions"), during the period February 6, 2012 to February 23, 2012, of an aggregate of 14,890,300 common shares ("Shares") of Longford Energy Inc. (the "Issuer") (representing approximately 8.19% of the issued and outstanding Shares) in the open market. Salida previously filed a report on February 8, 2012 under Part 4 of NI 62-103 in respect of the period ended January 31, 2012.
Prior to the Acquisitions, Salida, on behalf of the Funds, held and exercised control and direction over an aggregate of 21,268,000 Shares. As a result of the Acquisitions, Salida, on behalf of the Funds, holds and exercises control and direction over an aggregate of 36,158,300 Shares, representing approximately 19.90% of the issued and outstanding Shares. The Acquisitions occurred on the TSX Venture Exchange between February 6, 2012 and February 23, 2012 at prices ranging from 14 cents to 17.5 cents.