Feb 8 (Reuters) - Long Run Exploration Ltd LRE.TO :
* Mailed an information circular and proxy statement to Long Run
securityholders in connection with the special meeting
* Under arrangement, purchaser will buy all of co's shares for cash
consideration of $0.52 per Long Run share
* Cash consideration offered under arrangement represents an approximate 215%
premium to the closing price of the Long Run shares
* Under arrangement, purchaser to buy all outstanding 6.40% convertible
unsecured subordinated debentures due January 31, 2019
* Says if the arrangement is not completed, Long Run will be significantly
challenged to continue as a going concern
* Long run's board unanimously recommends that shareholders and
debentureholders vote in favor of arrangement
* Source text for Eikon ID:nMKWLHMYZa
* Further company coverage LRE.TO