TORONTO, July 10, 2012 /CNW/ - Goodwood Inc. ("Goodwood") announced
today that it advised the Executive Chairman of Longford Energy Inc.
("Longford"), Mr. Stan Bharti, in a letter delivered on July 9, 2012
that Goodwood intends to propose a new slate of directors for election
at the next annual meeting of the shareholders of Longford.
Following the delivery of Goodwood's July 9, 2012 letter, a notice was
filed on behalf of Longford on SEDAR cancelling its upcoming annual
shareholders' meeting that had previously been scheduled for August 9,
2012. Longford is required by law to hold its next annual meeting of
shareholders no later than September 9, 2012, but has to date not
publicly announced when that meeting will now occur.
Further information regarding Goodwood's intended reconstitution of
Longford's board of directors at its upcoming annual shareholders'
meeting, and the new proposed director nominees, will be set forth in
an information circular which Goodwood intends to file with Canadian
securities regulators in due course.
Goodwood, as investment manager of certain investment funds, exercises
control and direction over an aggregate of 21,970,000 common shares of
Longford, representing approximately 12.1% of Longford's issued and
outstanding common shares.
SOURCE Goodwood Inc.
For further information:
Peter H. Puccetti, CFA,
Chairman and Chief Investment Officer