Lucas Energy Announces 1-for-25 Reverse Stock Split
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Lucas Energy (LEI) Announces One-for-25 Reverse Stock Split
July 2, 2015 4:17 PM EDTLucas Energy (NYSE: LEI) announced that, pursuant to the authorization provided by the Company's stockholders at the Company's March 25, 2015 annual meeting, and in order to meet the continued listing standards of the NYSE MKT, the Board of Directors has approved the filing of an amendment to the Company's Articles of Incorporation to effect a 1-for-25 reverse stock split of all outstanding common stock shares of the Company. We anticipate that the 1-for-25 reverse stock split will be effective as of close of business on July 14, 2015 and the Company's common stock will begin trading on a... More
