Northland Capital Markets: Financial Advisor for Lilis Energy’s $20.0 Million Offering

Northland Capital Markets announced today that it has acted as Financial Advisor for Lilis Energy, Inc.’s private placement of $20.0 million of common stock and warrants. Lilis is a San Antonio-based independent oil and gas exploration and production company that operates in the Permian’s Delaware Basin and in the Denver-Julesburg Basin.

Lilis priced the sale of 5,194,805 units to certain institutional and accredited investors for $3.85 per unit for gross proceeds of approximately $20.0 million. Each unit will consist of one share of common stock and a warrant to purchase 0.50 shares of common stock at an exercise price of $4.50. The Company intends to use the net proceeds from the private placement to supports its 2017 Delaware Basin development program, Delaware Basin lease acquisition program, and for general corporate purposes including working capital.

For contacts and more information:  Press Release Lilis Energy 03/14/17