Lilis Energy, Inc. (LLEX) announced that it has raised $7,500,000 in a Units (Common Stock + Warrants) transaction. The common stock was sold at $2.00 per share, an approximate 15% discount to the market price ($2.35) of LLEX at deal announcement. A series of 3,750,000 42-Month Warrants with an exercise price of $2.50 per share (6.39% premium) was issued to the investors in this transaction. T.R. Winston & Company, Inc. acted as the exclusive agent on the transaction. The investors included members of the Company's Board of Directors and certain of its officers. The transaction closed on January 22, 2014.