By Sheri Kasprzak
New York, June 21 - Lucas Energy, Inc. concluded a $1 million private placement.
The company sold 2 million shares in the deal at $0.50 each.
The offering was not brokered.
Proceeds will be used for projects in the company's oil and gas portfolio as well as for working capital.
Houston-based Lucas is an oil and natural gas exploration and development company.
| Issuer: | Lucas Energy, Inc.
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| Issue: | Stock
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| Amount: | $1 million
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| Shares: | 2 million
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| Price: | $0.50
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| Warrants: | No
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| Placement agent: | Non-brokered
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| Settlement date: | June 21
|
| Stock symbol: | OTCBB: LUCE
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| Stock price: | $1.80 at close June 20
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