Shares of Lonestar Resources begin trading on NASDAQ

Lonestar Resources US Inc. (NASDAQ:LONE), a Delaware corporation, completed its previously announced transaction to redomicile the parent company of the Lonestar group of companies from Australia to Delaware.

In connection with the transaction, the company issued to the former shareholders of Lonestar Resources Limited one share of its Class A common stock for every two ordinary shares of Lonestar Resources Limited issued and outstanding prior to the effective time of the transaction, which had the effect of a 1-for-2 reverse stock split and resulting in the reduction of shares outstanding from 15,044,051 to 7,521,788. The company's Class A common stock began trading on the NASDAQ Global Market on a post-split basis on July 5, 2016.

The company intends to delist Lonestar Resources Limited from the Australian Stock Exchange at the close of trading on Wednesday, July 6, 2016.

 

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