HOUSTON, TEXAS--(Marketwired - Jun 18, 2013) - On June 18, 2013, 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 2,500,000 common shares ("Common Shares") in the capital of Lynden Energy Corp. ("Lynden") which increased their aggregate holdings of Lynden to 23,216,100 Common Shares, representing approximately 18.25% 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 26,787,600, which would represent 23.48% 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, Hephaestus Energy Fund, LP, Panakeia Energy Fund, LP, TJS Energy Fund, LP and Urja, LP. The most recent purchase was made pursuant to the private agreement exemption under Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids.
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.
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