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BRIEF-Lynden Energy acquires Lynden Energy to enter Midland basin

Published 2015-12-17, 07:28 a/m
© Reuters.  BRIEF-Lynden Energy acquires Lynden Energy to enter Midland basin
LVL
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Dec 17 (Reuters) - Lynden Energy Corp LVL.V :
* Earthstone energy, inc. announces entry into the Midland basin through an
all-stock acquisition of Lynden Energy Corp
* Says Earthstone will issue a total of approximately 3.7 million shares of
common stock to Lynden stockholders
* Says stockholders of Earthstone and Lynden are expected to own about 79% and
21%, respectively, of combined co on fully diluted basis
* Says boards of directors of both companies have unanimously approved the
agreement

* Source text for Eikon ID:nMKWp1ltSa

* Further company coverage LVL.V

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