Long Harbour Reports Name Change and Alteration of Private Placement Terms
10 June 2011 - 12:00AM
Marketwired Canada
Long Harbour Exploration Corp. (TSX VENTURE:LHC) -
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES RESIDENTS
Long Harbour Exploration Corp., formerly Long Harbour Capital Corp., reports
that it has changed its name. The company's trading symbol will remain LHC.
Long Harbour also reports the amendment of the terms of the non-brokered private
placement described in the company's news release of March 8, 2011. Subject to
TSX Venture Exchange approval, gross proceeds of $1,000,000 will be raised by
the issuance of 5.0 million units at a price of $0.20 per unit. Each unit will
consist of one common share and one share purchase warrant, with each warrant
entitling the holder to purchase one common share at a price of $0.30 in the
first year following closing and $0.40 during the second year. The share
purchase warrants will not contain an accelerated expiry provision.
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