Lonestar Resources US Inc. (OTC – LONE)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Lonestar Resources US Inc. (OTC – LONE)

BALA CYNWYD – July 22, 2021 /Access Wire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Lonestar Resources US Inc. (“Lonestar” or the “Company”) (OTC – LONE) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Penn Virginia Corporation (“Penn Virginia”) (Nasdaq – PVAC). Under the terms of the merger agreement, Lonestar shareholders will receive only 0.51 shares of Penn Virginia for each share of Lonestar they own, representing implied per-share merger consideration of approximately $11.74 based upon Penn Virginia’s July 9, 2021 closing price.

The investigation concerns whether the Lonestar Board breached its fiduciary duties to Lonestar shareholders and whether Penn Virginia is paying too little for the Company.

If you own shares of Lonestar stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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