Wednesday, 5 February 2025
Home Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

The following content is a news release distributed by . The original news release may be found here.

Vitesse Energy to Acquire Lucero Energy in Accretive All-Stock Transaction Supporting Increase to Vitesse’s Dividend

GREENWOOD VILLAGE, Colo. & CALGARY, Alberta--(BUSINESS WIRE)--Vitesse Energy, Inc. (NYSE: VTS) (“we,” “Vitesse,” or the “Company”) and Lucero Energy Corp. (TSXV: LOU, OTCQB: PSHIF) (“Lucero”) 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 commo...

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