Lonestar Resources Ltd.’s Class A common stock was approved to list on the NASDAQ stock exchange, in conjunction with the company’s plan to re-domicile, Lonestar said June 15.
With this approval, Lonestar has scheduled a second hearing with the Federal Court of Australia on June 28, 2016 to seek approval of the Schemes of Arrangement, the process that will allow Lonestar to move its domicile to the U.S and delist from the Australian Stock Exchange.
If approval is obtained at the court hearing on June 28, Lonestar expects that the shares of Lonestar Resources US Inc. will begin trading on NASDAQ on July 5 under the ticker symbol "LONE."
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