Brief: U.S. Energy Corp Announces Entry Into Definitive Agreements In Connection With Transformative Acquisitions

Big Sky Industrial

05/10/2021 12:29

Oct 5 (Reuters) - US Energy Corp  USEG.O :
    * U.S. ENERGY CORP. ANNOUNCES ENTRY INTO DEFINITIVE
AGREEMENTS IN
CONNECTION WITH TRANSFORMATIVE ACQUISITIONS
    * US ENERGY CORP - CO TO BUY CERTAIN OIL & GAS ASSETS FROM
LUBBOCK
ENERGY PARTNERS, SYNERGY OFFSHORE, & CERTAIN ENTITIES CONTROLLED
BY SAGE ROAD CAPITAL
    * US ENERGY CORP - UNDER TERMS, CO WILL ISSUE 19.9 MILLION
SHARES
OF COMMON STOCK, PAY $1.25 MILLION OF CASH, AND ASSUME $3.3
MILLION OF INDEBTEDNESS FROM SELLERS

Source text for Eikon:  ID:nGNXcc9tlx 
Further company coverage:  USEG.O