Brief: Lycos Energy Announces Strategic Acquisition Of Durham Creek Exploration Ltd. And $25 Million Equity Financing

Lycos Energy

13/09/2023 20:45

Sept 13 (Reuters) - Lycos Energy Inc  LCX.V :
    * LYCOS ENERGY INC. ANNOUNCES STRATEGIC ACQUISITION OF
DURHAM
CREEK EXPLORATION LTD. AND $25 MILLION EQUITY FINANCING
    * LYCOS ENERGY INC - ACQUISITION WILL BE FUNDED THROUGH A
$25
MILLION BOUGHT DEAL EQUITY FINANCING
    * LYCOS ENERGY INC - PROPOSED DEAL FOR DEEMED PRICE OF $3.55
PER
LYCOS SHARE
    * LYCOS ENERGY- 2023 PRODUCTION GUIDANCE UNCHANGED WITH
ADDITIONAL
DRILLING NOT EXPECTED TO HAVE A MATERIAL IMPACT ON CO'S 2023
AVERAGE PRODUCTION

Source text for Eikon:  ID:nGNXbjW4rf 
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