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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.
News For LEI From The Last 14 Days
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November 14, 2014
16:10 EDTLEILucas Energy reports Q2 EPS (4c), one estimate (4c)
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13:02 EDTLEILucas Energy regains contingent NYSE MKT compliance
Lucas Energy announced the company has regained compliance with the NYSE MKT listing standards, contingent on meeting certain conditions by December 4. 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 due to its financial condition. By virtue of the conditions described in the March letter and a subsequent letter in July, the company was granted until October 31 to regain compliance under its Plan. Subsequently, the NYSE MKT advised the company that it has regained compliance with the NYSE MKT continued listing standards, provided that certain conditions are met by the company by December 4. In the event those conditions are not met by December 4, the NYSE MKT will re-evaluate the company's continued listing status, which could result in the company being delisted from the exchange.

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