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.
Recommended Reading
Darbonne: The ESG Sword: BlackRock's Life, Death by ESG
2024-04-17 - BlackRock, the $10 trillion investment manager, is getting heat for too much ESG investing, while shareholders are complaining it’s doing too little.
Fire Closes Atlas Energy’s Kermit, Texas Mining Facility
2024-04-15 - Atlas Energy Solutions said no injuries were reported and the closing of the mine would not affect services to the company’s Permian Basin customers.
Coalition Launches Decarbonization Program in Major US Cities, Counties
2024-04-11 - A national coalition will start decarbonization efforts in nine U.S. cities and counties following a federal award of $20 billion “green bank” grants.
Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost
2024-04-08 - Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.