Vitesse Energy, Inc. announced today the completion of its previously announced acquisition of Lucero Energy Corp. . The Arrangement was approved by Vitesse stockholders and Lucero shareholders on March 5, 2025 and March 6, 2025, respectively, and Lucero received the approval of the Court of King's Bench of Alberta on March 6, 2025. "We are pleased [...]
Lucero Energy is pleased to announce the completion of the acquisition by Vitesse Energy. As previously announced, all outstanding common shares of Lucero were acquired by Vitesse pursuant to a plan of arrangement under Section 193 of the Business Corporations Act. Under the Arrangement, holders of Lucero Shares have the right to receive 0.01239 of [...]
Lucero Energy is pleased to announce that at the Company's special meeting of the holders of common shares of Lucero held this morning, the Lucero Shareholders passed a special resolution approving the previously announced plan of arrangement under Section 193 of the Business Corporations Act pursuant to which each Lucero Shareholder will transfer [...]
HIGHLIGHTS Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse's earnings, operating cash flow, free cash flow and net asset value Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis Upon closing, this [...]
Vitesse Energy, Inc. and Lucero Energy Corp. today announced they have entered into a definitive agreement under which Vitesse will acquire Lucero in an all-stock transaction with a fully diluted equity value of US$222 million. Under the terms of the agreement, Lucero shareholders will receive 0.01239 of a share of Vitesse common stock for each [...]
Lucero Energy announces financial and operating results for the three and nine months ended Sept 30, 2024. The associated Management's Discussion and Analysis and unaudited financial statements as at and for the three and nine months ended Sept 30, 2024. Three months ended Nine months ended Sept 30 2024 June 30 2024 Sept 30 2023 Sept 30 2024 [...]
Lucero Energy Corp. announces financial and operating results for the three and six months ended June 30, 2024. The associated Management's Discussion and Analysis and unaudited financial statements as at and for the three and six months ended June 30, 2024 can be found at www.sedarplus.ca or www.lucerocorp.com. All dollar amounts in this news [...]
Lucero Energy Corp. is pleased to announce that the TSXV Venture Exchange has accepted the Company's Notice of Intention to renew its Normal Course Issuer Bid to purchase for cancellation, from time to time, as the Company considers advisable, up to a maximum of 31,918,128 common voting shares in the capital of the Company . The maximum number of [...]
Lucero Energy Corp. is pleased to announce that all matters put before shareholders were approved at our annual and special meeting of shareholders held on May 23, 2024 in Calgary, Alberta. Voting Results from the Meeting: 1. The following six individuals were elected as directors of Lucero to hold office until the next annual meeting of [...]
Lucero Energy is pleased to announce financial and operating results for the three months ended March 31, 2024. The associated Management's Discussion and Analysis and unaudited financial statements as at and for the three months ended March 31, 2024. Highlights Three months ended March 31 2024 Dec 31 2023 March 31 2023 Financial Funds flow1 [...]
Lucero Energy Corp. announces that pursuant to its Bonus Award Incentive Plan , an aggregate of 1,829,936 restricted awards and 5,142,314 performance awards were granted to certain officers and directors of Lucero. The Awards will fully vest on September 10, 2027 and shall expire on December 15, 2027. The Awards may be settled by Lucero, in its [...]
Lucero Energy Corp. is pleased to announce financial and operating results for the three months and year ended December 31, 2023, and to provide 2023 year-end reserves information. The associated Management's Discussion and Analysis and audited financial statements as at and for the year ended December 31, 2023 can be found at www.lucerocorp.com [...]