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Longford Corporation Appoints David Walters As President And C.E.O.


CALGARY, Alberta -- Announces $1 Million Private Placement

Longford Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:LFD LFD Laufend (German: current)
LFD Laboratory for Fluorescence Dynamics (University of Illinois at Urbana-Champaign)
LFD Left for Dead (band) 
) has appointed David Walters as President, C.E.O. and a member of the Board of Directors. The appointment follows the resignation of Don Parker who will remain on the Board of Directors.

David G. Walters is currently the Managing Director of the WATT Energy Limited Partnership II and WATT Energy Limited Partnership III. He is also a director of six operating oil and gas companies owned by the WATT Partnerships which have engaged in joint venture drilling with Daylight Energy Trust, Ketch Resources Trust, Find Energy, Blue Mountain Energy and Virtus Energy. Mr. Walters is a corporate finance advisory and placement specialist with extensive institutional experience with resource focused equity boutiques. Prior to founding WATT Capital in 2001, he had a 10-year institutional brokerage career that included positions at Bay Street Direct, Harris Partners, St. James Securities, Goepel Shields & Partners and Loewen, Ondaatje, McCutcheon Limited. He is also a director of Ensign Capital Inc., a Toronto based merchant bank and a director of PrecisionCash Ltd., a Toronto based company operating automated teller machines across Canada. Mr. Walters holds an engineering degree from Royal Military College The Royal Military College can refer to:
  • Royal Military College of Canada in Kingston, Ontario, Canada
  • Royal Military College, Duntroon in Campbell, Australian Capital Territory, Australia
, a MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 from the University of Western Ontario Western is one of Canada's leading universities, ranked #1 in the Globe and Mail University Report Card 2005 for overall quality of education.[2] It ranked #3 among medical-doctoral level universities according to Maclean's Magazine 2005 University Rankings.  and holds the Chartered Financial Analyst Chartered Financial Analyst (CFA)

An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts.
 designation.

Additionally, the Company is planning on raising up to $1,000,000 by way of a non brokered private placement through the issuance of a combination of Units and flow through shares, both priced at $0.25. The Units will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase a common share for $0.25 for a period of 18 months following closing. The private placement remains subject to regulatory approval. The Company has granted options to purchase 400,000 common shares at $0.25 per common share to directors, officers and consultants of the Company, subject to regulatory approval.

Longford Corporation is a Canadian junior resource company listed on the TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 under the symbol "LFD". The Company is focused on exploring for and developing North American oil and gas assets.

Longford Corporation (TSX VENTURE:LFD)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Sep 28, 2005
Words:365
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