Feb 9 (Reuters) - Loncor Resources Inc LN.TO :
* Announces private placement of common shares
* Non-brokered private placement of up to 67 million common shares of the
company at a price of $0.015 per common share
* Says the company has immediate capital needs and cannot fund its current
obligations.
* Says "company is in serious financial difficulty as a result of the decline
in gold prices over the last several years"
* Says management and board of directors expect offering to provide necessary
available funding to address co's financial difficulties
* Source text for Eikon Further company coverage LN.TO