FSC / Press Release
Longview Capital Partners Acquires Additional Position in Cue Resources Ltd.
Vancouver, British Columbia CANADA, November 03, 2009 /FSC/ - Longview Capital Partners Inc. (LV - TSX, L6V - FWB, LGVWF - OTCBB_Pink_Sheets), ("Longview") issues this press release pursuant to National Instrument 62-103 Early Warning System and Related Issues with respect to Cue Resources Ltd. (the "Issuer").
Pursuant to a non-brokered private placement announced by the Issuer May 7, 2009 and amended June 23, 2009, Longview has acquired 2,725,000 units ("Unit") of the Issuer at a subscription price of $0.10 per Unit for an aggregate purchase price of $272,500. Each Unit consists of one common share of the Issuer and one whole share purchase warrant, with a whole warrant entitling the holder to acquire one additional common share of the Issuer at a price of $0.15. The warrants are exercisable for a period of 24 months from the date of closing. The securities represent in the aggregate approximately 4.35% of the Issuer's issued and outstanding capital, and on a partially diluted basis after the exercise of warrants held by Longview only, approximately 8.34% of the Issuer.
Prior to this transaction Longview owned or controlled 9,795,735 shares and 1,850,000 share purchase warrants of the Issuer.
Longview now owns 12,520,735 common shares of the Issuer and 4,575,000 share purchase warrants, representing 19.99% of the Issuer's issued and outstanding share capital and on a partially diluted basis after the exercise of all of the warrants held by Longview only, approximately 25.44% of the Issuer's capital.
Longview acquired these securities from the Issuer directly 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
Longview is an investment company creating long-term shareholder value by capitalizing on early stage opportunities in the natural resource sector, and having the resultant asset and earnings growth recognized in its share price.
For more information on Longview, please visit www.longviewcp.com.
On behalf of the Board of Directors
LONGVIEW CAPITAL PARTNERS INCORPORATED:
John Icke
President and CEO
For more information, please contact
Longview Capital Partners Incorporated
Mike Rodger
Investor Relations
604-696-6515
info@longviewcp.com
www.longviewcp.com
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.
The TSX Exchange does not accept responsibility for the adequacy or accuracy of this release.
Source: Longview Capital Partners Incorporated (LV - TSXV) www.longviewcp.com
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