Longford Energy Inc. Appoints Director to the Board
July 05 2012 - 8:00AM
Marketwired Canada
Longford Energy Inc. (TSX VENTURE:LFD.H) ("Longford" or the "Company") announces
that it has appointed Mr. Joao Saraiva e Silva to the board of directors of
Longford. Mr. Saraiva e Silva takes the place vacated by Mr. David Argyle who
has resigned from the board to focus on other commitments.
Mr. Saraiva e Silva has over fourteen years of experience in the finance
industry, with a special focus on the oil and gas sector. Over his career, Mr.
Saraiva e Silva has gained significant experience across a number of
jurisdictions as a banker, fund manager, board-level director and, more
recently, as a senior executive.
Mr. Saraiva e Silva started his career with the investment banking division of
Goldman Sachs International in London, where he advised on M&A and capital
markets transactions involving more than $100 billion of underlying assets and
spanning a broad spectrum of clients, energy sub-sectors and geographies. In
2008, Mr. Saraiva e Silva joined the London office of Och-Ziff Capital to assume
responsibility over the fund's energy investments across Europe, Middle East,
Africa and South East Asia. In connection with this role, Mr. Saraiva e Silva
was also appointed to serve as board-level director of a number of Och-Ziff
backed oil & gas ventures. Since September 2011, Mr. Saraiva e Silva has been
the CFO of PetroJava, an independent oil & gas player with operations in
South-East Asia. Mr. Saraiva e Silva holds an Economics degree from Nova
University, Lisbon.
In connection with his appointment, Mr. Saraiva e Silva has been granted 250,000
stock options at a price of $0.105. The options vest immediately on the date of
grant, subject to a four month regulatory hold. The options remain subject to
regulatory approval and expire on July 5, 2017.
The board of Longford would like to thank Mr. David Argyle for his service to
the Company and wish him well in the future.
About Longford Energy Inc.
Longford Energy Inc. is a public company listed on the NEX board of the TSX
Venture Exchange.
Regulatory Statements
This press release contains "forward looking information" within the meaning of
applicable Canadian securities legislation. Forward looking information
includes, but is not limited to, statements with respect to the appointment of
new directors. Generally, forward looking information can be identified by the
use of forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical and social
uncertainties; the actual results of exploration activities; regulatory risks;
risks inherent in foreign operations; and other risks of operations. Although
the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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