Lilis Energy Inc.

Net proceeds from a private placement of common stock and warrants-made through entry into a securities purchase agreement—will support its 2017 Delaware Basin development program, lease acquisition program, and support general corporate purposes and working capital. Lilis will sell about 5.19 million of the units at $3.85 each. Each unit will consist of one share and a warrant to purchase 0.50 shares. Johnson Rice & Co. LLC and T.R. Winston & Co. LLC were placement agents, and KES 7 Capital Inc. was adviser.