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LILISLifelong Learning for the Information Society (conference)
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Lilis Energy also said it has entered into a definitive securities purchase agreement to sell shares of a new series of the company's convertible preferred stock to certain private funds affiliated with Varde Partners, Inc.
The companies will increase 1,520 working interest net acres and 4,835 royalty acres to Lilis Energy's holdings in the Northwest Alberta's Peace River Arch area.
The total consideration paid in the transaction is comprised of the issuance of Lilis shares of common stock representing approximately 50% of the post-closing, common stock outstanding, and assuming and refinancing USD 13.
Lilis Energy Inc (Nasdaq:LLEX) announced on Friday the appointment of the accounting and consulting firm BDO USA LLP, a large international accounting and consulting organization, to act as its new independent registered public accountant, effective 13 April 2017, replacing Marcum LLP.