Latest Lilis Energy Inc. (LLEX) Headlines
Nuno Brandolini and Robert Bell Join Lilis Energy's Board of Directors
GlobeNewswire - Thu Feb 13, 1:15PM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today the appointment of Nuno Brandolini and Robert Bell to the Company's Board of Directors. Their appointments bring the current Lilis Energy Board to seven members, five of whom are independent outside directors.
Lilis Energy to Acquire Shoreline Energy
GlobeNewswire - Thu Feb 06, 5:00AM CST
Lilis Energy, Inc. (Nasdaq:LLEX) announced today that it has entered into a letter of intent (LOI) to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (Toronto Stock Exchange: SEQ). The Boards of Directors of Lilis Energy and Shoreline Energy, subject to completion of due diligence, as well as negotiation and execution of a definitive agreement in respect of the transaction, have unanimously approved entering into the LOI.
Lilis Energy Reaches Agreement to Convert $15.6 Million of Outstanding Debentures to Equity
GlobeNewswire - Mon Feb 03, 5:13AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has reached agreement with all of the holders of its outstanding series of Convertible Debentures ("debentures") to convert up to all of the debentures to shares of the Company's common stock. The terms of the agreement call for an immediate conversion of $9 million of the approximately $15.6 million in outstanding debentures; the balance of $6.6 million may, at the option of the holders, be converted upon receipt of shareholder approval of that conversion. The holders of any remaining debentures may elect to convert all or any portion of the remaining debentures outstanding within three business days of shareholder approval.
Lilis Energy Closes $7.5 Million Private Placement of Equity
GlobeNewswire - Wed Jan 22, 7:45AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has closed on a $7.5 million financing in the form of a private placement of restricted units, with each unit consisting of one share of its common stock and one common stock purchase warrant (the "Offering"). The Company sold 3,750,000 units at a price of $2.00 per unit. Each warrant has an exercise price of $2.50 per share and is exercisable beginning six months from the issuance date, for a period of three years. The units have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Nuno Brandolini and Robert Bell Join Lilis Energy's Board of Directors
GlobeNewswire - Thu Feb 13, 1:15PM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today the appointment of Nuno Brandolini and Robert Bell to the Company's Board of Directors. Their appointments bring the current Lilis Energy Board to seven members, five of whom are independent outside directors.
Lilis Energy to Acquire Shoreline Energy
GlobeNewswire - Thu Feb 06, 5:00AM CST
Lilis Energy, Inc. (Nasdaq:LLEX) announced today that it has entered into a letter of intent (LOI) to acquire all of the issued and outstanding common shares of Calgary-based Shoreline Energy Corp. (Toronto Stock Exchange: SEQ). The Boards of Directors of Lilis Energy and Shoreline Energy, subject to completion of due diligence, as well as negotiation and execution of a definitive agreement in respect of the transaction, have unanimously approved entering into the LOI.
Lilis Energy Reaches Agreement to Convert $15.6 Million of Outstanding Debentures to Equity
GlobeNewswire - Mon Feb 03, 5:13AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has reached agreement with all of the holders of its outstanding series of Convertible Debentures ("debentures") to convert up to all of the debentures to shares of the Company's common stock. The terms of the agreement call for an immediate conversion of $9 million of the approximately $15.6 million in outstanding debentures; the balance of $6.6 million may, at the option of the holders, be converted upon receipt of shareholder approval of that conversion. The holders of any remaining debentures may elect to convert all or any portion of the remaining debentures outstanding within three business days of shareholder approval.
Lilis Energy Closes $7.5 Million Private Placement of Equity
GlobeNewswire - Wed Jan 22, 7:45AM CST
Lilis Energy, Inc. (Nasdaq:LLEX), an oil and gas exploration and production company focused on development in the Wattenberg field and surrounding areas of the Denver-Julesburg (DJ) Basin where it holds 110,000 net acres, announced today that it has closed on a $7.5 million financing in the form of a private placement of restricted units, with each unit consisting of one share of its common stock and one common stock purchase warrant (the "Offering"). The Company sold 3,750,000 units at a price of $2.00 per unit. Each warrant has an exercise price of $2.50 per share and is exercisable beginning six months from the issuance date, for a period of three years. The units have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
