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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