Aug 4 (Reuters) - Long Run Exploration Ltd LRE.TO :
* Enters into agreement for $200 million private placement
* Entered into agreement for private placement to Maple Marathon investments
limited for gross proceeds of about $200 million
* Says Long Run will issue to Maple Marathon 155 million units at an issue
price of $1.30 per unit
* Says Long Run has agreed to pay a termination fee of $25 million to Maple
Marathon
* Will not solicit or initiate any inquiries or discussions regarding alternate
business combinations or acquisition proposals
* Says proceeds from the private placement will be used for debt reduction to
improve Long run's capital structure
* Source text for Eikon ID:nMKWmVb7la
* Further company coverage LRE.TO