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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Email answer Canada SEC
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Post by farml1234 on May 23, 2012 2:37pm

Email answer Canada SEC

Dear ********:

Thank you for your complaint to the Ontario Securities Commission (OSC) concerning Longford Energy Inc. (Longford)

The OSC regulates the capital markets in Ontario. One of the ways the OSC protects investors is to ensure issuers provide sufficient information to permit investors to make informed decisions about their investments. With respect to the circumstances that you describe, the OSC would be primarily concerned with disclosure under securities law. The main concern would be whether the rules for continuous disclosure in Ontario, set out mainly in National Instrument 51-102 - Continuous Disclosure Obligations (NI 51-102), were followed.
Comment by farml1234 on May 23, 2012 2:40pm
OSC reviews of complaints are undertaken from a regulatory perspective, to consider whether the issuer may have failed to comply with securities regulatory requirements that apply to it. I have reviewed the disclosure filed by Longford and can confirm that the company disclosed its intention to issue a one-time distribution of CDN .10 per share to shareholders of record from the proceeds from its ...more  
Comment by farml1234 on May 23, 2012 2:41pm
You may wish to contact Longford directly for further details of the proposed .10 one-time dividend. Longford's Investor Relations contact according to its SEDAR profile is: Mr. Ahmed Said; Business email address: info@longfordenergyinc.com; Telephone Number: 403-263-3000; Fax Number: 403-263-3041.   Matters relating to the payout of a proposed special dividend are not ...more  
Comment by Bpultra on May 23, 2012 4:45pm
everyone gets the same form reply after the first one is sent out... these guys have no teeth ..
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