FORT WORTH, Texas, May 12, 2015 /PRNewswire/ -- Lonestar Resources, Ltd. (OTCQX:LNREF) ("Lonestar" or the "Company") advises that trading on a post-reverse stock split deferred settlement basis commences today on the OTCQX.
Given yesterday's close price on the OTCQX of US$0.147 and the reverse split ratio of 1:50, an indicative U.S. dollar share price on the OTCQX today will be $7.35. The revised price will be determined by the market.
Giving effect for the reverse split, the Company now has 15,043,745 ordinary shares on issue and 2,305,902 unlisted options (final number of shares and options subject to rounding as outlined in the Notice of Meeting & Explanatory Memorandum).
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lonestar-announces-completion-of-reverse-stock-split-300081646.html
SOURCE Lonestar Resources, Ltd.
Source: PR Newswire
(May 12, 2015 - 8:30 AM EDT)
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