As a result of a purchase as part of the private placement recently completed by Longford Energy, Aberdeen has acquired two million Longford Energy common shares and one million share purchase warrants.
Each warrant entitles Aberdeen to acquire one Longford Energy common share at a price of C$1, at any time prior to July 10, 2010.
Following this purchase, Aberdeen beneficially owns an aggregate of 5.25 million Longford Energy common shares, which represents approximately 12.7% of the issued and outstanding Longford Energy common shares. On a partially diluted basis, Aberdeen would hold approximately 23% of Longford common shares.
The additional purchase was made for investment purposes only and Aberdeen could increase or decrease its investment in Longford Energy as considered beneficial.
