|Lilis Energy Announces $20 Million Private Placement|
Pursuant to the terms of the securities purchase agreement, Lilis has agreed to sell 5,194,805 units of the Company at a price of
The closing of the offering is subject to the satisfaction of customary closing conditions.
The terms of the offering also include that the Company will use its reasonable best efforts to prepare and file a registration statement under the Securities Act for the resale of the shares of common stock and the shares of common stock underlying the warrants.
The securities to be sold in the private placement will not have been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in
The securities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities. Investing in the securities involves risk, and investors should be able to bear the loss of their investment.
Additional details about the Company, including the Company's Corporate Presentation, are available for viewing at www.lilisenergy.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities referenced herein have not been approved or disapproved by any regulatory authority.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lilis-energy-announces-20-million-private-placement-300415959.html
Investor Relations, Core IR, David Boral, Managing Director, 516 222 2560; Media Relations, Wobbe Ploegsma, V.P. Investor Relations & Capital Markets, 210-999-5400 ext. 31