HOUSTON, TEXAS--(Marketwire - Dec. 19, 2012) - From November 7 through December 17, 2012, JVL Advisors, LLC ("JVL") in conjunction with its principal owner, John V. Lovoi, and through funds controlled by one or both of JVL or Mr. Lovoi, acquired an additional 5,914,000 common shares ("Common Shares") in the capital Lynden Energy Corp. ("Lynden") which increased their aggregate holdings of Lynden to 19,066,100 Common Shares, representing approximately 15.42% of the issued and outstanding Common Shares. The funds also hold common share purchase warrants ("Warrants") entitling them to purchase an additional 3,571,500 Common Shares, which would bring their ownership of Common Shares to 22,637,600, which would represent 19.96% of the issued and outstanding Common Shares, assuming that the Warrants held by the funds are exercised and also assuming that no other convertible securities of Lynden are exercised. The funds controlled by JVL and/or Mr. Lovoi are Navitas Fund, LP, Luxiver, LP, Asklepios Energy Fund, LP and Hephaestus Energy Fund, LP.
The address of JVL and Mr. Lovoi is:
10000 Memorial Dr., Suite 550
Houston, Texas 77024
For additional information or for a copy of JVL and Mr. Lovoi's early warning report please contact Derek Michaelis at JVL at the address above or at (713) 579-2617. |