JVL Advisors, LLC

October 04, 2012 19:04 ET

JVL Advisors, LLC Acquires Additional Common Shares of Lynden Energy Corp.

HOUSTON, TEXAS--(Marketwire - Oct. 4, 2012) - On September 25 and October 4, 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 2,620,000 common shares ("Common Shares") in the capital Lynden Energy Corp. ("Lynden") which increased their aggregate holdings of Lynden to 13,152,100 Common Shares, representing approximately 11.97% 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 16,723,600, which would represent 14.74% 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 and Asklepios 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.

Contact Information

  • JVL Advisors, LLC
    Derek Michaelis
    10000 Memorial Dr., Suite 550
    Houston, Texas 77024
    (713) 579-2617