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Stock Market & Financial Investment News

News Breaks
April 16, 2014
07:07 EDTLEILucas Energy announces $2M equity offering
Lucas Energy has entered into an agreement with funds managed by Ironman Energy Master Fund and John B. Helmers, associated with Long Focus Capital Management, pursuant to which the company will sell up to 3,333,332 units at 60c per unit for total consideration of $2M to such entities. The units are each comprised of one share of common stock plus associated warrants to purchase 1,666,666 shares of common stock at an exercise price of $1.00 per share with a five-year term. The closing of the offering is expected to take place on or before April 21.
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December 16, 2014
16:18 EDTLEILucas Energy granted compliance extension by NYSE MKT
Lucas Energy announced that the NYSE MKT notified the Company that it has been granted an extension until January 31, 2015 to regain compliance with the NYSE MKT continued listing standards. The Company had previously presented its plan of compliance on March 28 in a letter to the Exchange, in response to a notice that the Company was below certain of the NYSE MKT continued listing standards. Based on information provided by the Company through December 4 the Exchange has determined that Lucas Energy has made a reasonable demonstration of its ability to regain compliance by the end of the revised period which has been extended to January 31, 2015.

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