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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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July 17, 2015
16:50 EDTLEILucas Energy receives audit opinion with going concern explanation
Lucas Energy announced that, as previously disclosed in its Annual Report on Form 10-K for the year ended March 31, 2015, which was filed with the SEC on July 14, the audited financial statements for the year ended March 31, in the Form 10-K contained an audit opinion from its independent registered public accounting firm, Hein & Associates, LLP, which includes a going concern qualification.

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