FORT WORTH, Texas, June 15, 2016 /PRNewswire/ -- Lonestar Resources Limited (ASX: LNR, OTCQX: LNREF) ("Lonestar" or the "Company") is pleased to advise that in connection with its previously announced plan to re-domicile, The NASDAQ Stock Market LLC ("NASDAQ") has approved the listing of the Class A Common Stock of Lonestar Resources US Inc., a Delaware corporation, on the NASDAQ Global Market.
With this approval, Lonestar has scheduled a second hearing with the Federal Court of Australia on June 28, 2016 to seek approval of the Schemes of Arrangement, the process that will allow Lonestar to move its domicile to the United States and delist from the Australian Stock Exchange.
If approval is obtained at the court hearing on June 28, 2016, Lonestar expects that the shares of Lonestar Resources US Inc. will commence trading on the NASDAQ Global Market on Tuesday, July 5, 2016 under the ticker symbol "LONE."
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact regarding our strategy, future operations, financial position, projected costs, prospects, plans and objectives of management are forward-looking statements. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Known material factors that could cause actual results to differ materially from those in the forward-looking statements include: an active trading market for our common stock may not develop on NASDAQ and the trading price for our common stock may fluctuate significantly; the market price and trading volume of Lonestar Resources US Inc. common stock may be volatile and may be affected by economic conditions beyond our control; and Lonestar Resources US Inc. will continue to be controlled by the existing owners of Lonestar, whose interests may differ from those of public stockholders. Forward-looking statements also are affected by the risk factors described in the registration statement on Form 10 filed by Lonestar Resources US Inc. with the U.S. Securities and Exchange Commission, as most recently amended on June 9, 2016. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lonestar-resources-announces-nasdaq-approval-300285348.html
SOURCE Lonestar Resources Limited