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Stock Market & Financial Investment News

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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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September 23, 2014
16:17 EDTLEICandagua reports 12.99% stake in Lucas Energy, urges exploration of alternatives
Candagua originally acquired their shares of Common Stock reported in this Schedule 13D for investment purposes. However, Candagua now believe that Lucas Energy should explore strategic alternatives as a means to enhance or maximize value for its stockholders. Candagua intend to engage in discussions with Lucas Energy, management, the board of directors, other stockholders, knowledgeable industry and market observers, and other persons that may relate to the governance and board composition, management, operations, business, assets, capitalization, financial condition, and strategic plans of the Lucas Energy.

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