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Lilis Energy Closes Private Placement

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June 2, 2014

Lilis Energy Inc. (NASDAQ: LLEX) closed a private placement of $7.5 million of its Series A, convertible preferred 8% shares on May 30, the company said June 2.

The shares were priced at $2.41 each, the company added, noting that share purchase warrants were issued as part of the offer. They had an exercise price of $2.89 each, and are exercisable for five years beginning six months from the issue date, Lilis said.

Denver-based Lilis Energy operates in the Denver-Julesburg Basin. ...

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