SAN ANTONIO, April 26, 2017 /PRNewswire/ -- Lilis
Energy, Inc. (NASDAQ: LLEX), an exploration and development company
operating in the Permian Basin of West
Texas, today announced that its common stock has been
approved for listing on the NYSE MKT. The Company's common stock is
expected to begin trading on NYSE MKT under its current symbol
"LLEX," beginning at the open of market trading on May 9, 2017. In connection with the listing of
its common stock on the NYSE MKT, Lilis intends to terminate the
listing of its common stock on NASDAQ. The Company intends to file
with SEC a Form 25 related to the delisting from NASDAQ prior to or
at the commencement of trading on the NYSE MKT, and the delisting
will be effective ten days after the filing of the Form 25.
"Uplisting to the NYSE MKT follows our recent $140 million of financings and highlights the
rapid progress our management team and Board have made in executing
on the strategic vision laid out a year ago," said Avi Mirman, Lilis's Chief Executive Officer.
John Tuttle, Global Head of
Listings at NYSE, commented: "We are delighted to welcome Lilis
Energy, which is transferring to NYSE MKT and joining some of the
world's best listed energy companies. We look forward to providing
Lilis with the unique benefits of our market model, unrivalled
brand platform and exceptional market quality delivered by our NYSE
MKT designated market makers."
About Lilis Energy, Inc.
Lilis Energy, Inc. is a San
Antonio-based independent oil and gas exploration and
production company that operates in the Permian's Delaware Basin, considered amongst the leading
resource plays in North America.
Lilis's total net acreage in the Permian Basin is over 10,000
acres. Lilis Energy's near-term E&P focus is to grow current
reserves and production, and pursue strategic acquisitions in its
core areas. For more information, please visit
www.lilisenergy.com.
Forward-Looking Statements:
This press release
contains forward-looking statements within the meaning of the
federal securities laws. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Company. These risks include, but are not limited to
our ability to replicate the results described in this release for
future wells; the ability to finance our continued exploration,
drilling operations and working capital needs, all the other
uncertainties, costs and risks involved in exploration and
development activities; and the other risks identified in the
Company's Annual Report on Form 10-K and its other filings with the
Securities and Exchange Commission (the "SEC"). Investors are
cautioned that any such statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected in the forward-looking statements.
The forward-looking statements in this press release are made as of
the date hereof, and the Company does not undertake any obligation
to update the forward-looking statements as a result of new
information, future events or otherwise.
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SOURCE Lilis Energy, Inc.