Harken Energy Raises $6.3 Million From Lyford Warrant Exercise

Harken Energy says that Lyford Investment exercised warrants to purchase 7,000,000 Global Energy ordinary shares held by Harken. The transaction raised approximately $6.3 million in new capital for Harken Energy.

As a result of the exercise of warrants, Harken now holds 11,975,641 ordinary shares, representing 34.09% of the Global's issued share capital, and Lyford holds 7,000,000 ordinary shares, representing 19.93% of the Global's issued share capital. There are no further warrants outstanding with respect to Global's ordinary shares.