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Monday, July 07, 2008
Longview Capital Partners Acquires Additional Position in Buffalo Gold Ltd.
Comtex
Vancouver, British Columbia CANADA, Jul 07, 2008 (Filing Services Canada via COMTEX) ---- Longview Capital Partners Inc. (LV - TSX, L6V - FWB, LGVWF - OTCBB_Pink_Sheets), ("Longview") issues this press release pursuant to Section 111 of the Securities Act (British Columbia), Section 176 of the Securities Act (Alberta) and Section 101 of the Securities Act (Ontario) with respect to Buffalo Gold Ltd. (the "Issuer").
Pursuant to trades conducted on the TSX Venture Exchange, Longview has acquired 2,259,525 common shares of the Issuer. These common shares represent approximately 2.11% of the issued and outstanding common shares of the Issuer. Prior to the acquisition, Longview held an aggregate of 11,767,444 common shares, representing approximately 10.98% of the issued and outstanding common shares of the Issuer.
Longview now owns 14,026,969 common shares of the Issuer, 2,544,222 share purchase warrants and 200,000 stock options, representing approximately 15.26% of the Issuer's issued and outstanding share capital, calculated on a partially diluted basis.
Longview acquired these securities for investment purposes, thus depending on the economic or market conditions or matters relating to the Issuer, Longview may choose to either acquire additional securities or dispose of the Issuer.
About Longview Capital Partners
Longview Capital Partners is an investment company creating long-term shareholder value by capitalizing on early stage opportunities in the natural resource sector, and having the resultant earnings growth recognized in its share price. Longview Capital Partners first began trading on September 5, 2005 and graduated to the TSX senior Exchange on September 24, 2007 under the same symbol "LV." The company was recently named to both the Top 50 Fastest Growing Companies and the Top 50 Strongest Companies for 2006 by the Vancouver Sun newspaper.
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.
On behalf of the Board of Directors,
Damien Reynolds,
Chairman & CEO
For more information on Longview Capital Partners, please contact:
Mr. Spiro Kletas
Investor Relations
(604) 681-5755
or visit our website at www.longviewcp.com
Longview Capital Partners Incorporated
1111 West Georgia Street, Suite 2400
Vancouver, BC
Canada V6E 4M3
Email: info@longviewcp.com
Fax: (604) 684 2990
Source: Longview Capital Partners Incorporated (LV - TSXV) www.longviewcp.com
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No, it's not a dance craze. Contago is a condition of supply and demand, essentially a fancy word to say that prices for items, typically commodities, are cheaper now than they would be at some point down the line.
Anything that¿s sold in the futures market can be in a case of contango. Futures are exactly that: a contract to buy an item or asset at a price in the future. This is the case with oil, with traders buying and selling contracts to acquire a barrel of oil in months down the line. When a market is in contango, spot prices, or the price of a commodity if you were to buy it right now, are lower than forward prices.
Why is that important? Well, it usually tells you the supply of a given commodity is plentiful (since, according to Economics 101, a large supply usually leads to cheap prices).
Incidentally, if you think contango is a mouthful, its opposite condition is known by the equally tongue-tying term backwardation.
