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TORONTO, ONTARIO--(Marketwire - Oct. 9, 2012) - Loncor Resources Inc. (the "Company" or "Loncor") (TSX VENTURE:LN)(NYSE MKT:LON)(NYSE Amex:LON) is pleased to announce that it has closed the issuance and sale of 9,245,000 common shares of the Company (the "Common Shares") at a price of Cdn$1.05 per Common Share for aggregate gross proceeds of Cdn$9,707,250 (the "Offering"). The Offering was conducted by a syndicate of investment dealers (the "Underwriters"). The 9,245,000 Common Shares issued under the Offering include 645,000 Common Shares issued and sold pursuant to the full exercise of the over-allotment option by the Underwriters. |
