- Lucas Energy (LEI) +19.3% premarket after shareholders late yesterday approved plans to acquire working interests in oil and gas properties from Segundo Resources and various other sellers, as well as financing for the deals.
- Shareholders also approved proposals to issue ~13M common shares in addition to preferred stock and debt transactions related to the Segundo deal.
- However, shareholders did not agree on a proposed name change to Camber Energy, although the resolution likely will be submitted again at the annual meeting scheduled for March 2017.