Exercise of Warrants

RNS Number : 0157Z
Zenith Energy Ltd
11 December 2017
 

December 11, 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.

 

 

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Exercise of Warrants

 

Zenith Energy Ltd. ("Zenith" or the "Company") (LSEZENTSX.VZEE), the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that an investor in the Company has exercised warrants to acquire 400,000 new common shares of no par value (the "Warrant Shares") in the capital of the Company on December 8, 2017. The exercise price of the warrants was CAD$0.20 per share (approximately £0.1175), and the total consideration received CAD$80,000 (approximately £47,000). 

The Warrant Shares were issued on December 8, 2017, by the registrars in Canada. The Warrant Shares will rank pari passu in all respects with the existing common shares of the Company.

An application will be made for the Warrant Shares to be admitted to trading on the Main Market of the London Stock Exchange, and for them to be listed on the Standard Segment of the UK Official List, both with effect from December 15, 2017 ("Admission"). 

Total Voting Rights 

Following Admission of the Warrant Shares, the Company will have 141,450,119 common shares in issue and admitted to trading on the Main Market of the London Stock Exchange and the Toronto Stock Exchange Venture Exchange. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules. 

 

For further information, please contact:

Zenith Energy Ltd.  

Andrea Cattaneo

Chief Executive Officer 

Email: info@zenithenergy.ca

Telephone:  +1 (587) 315 9031

Telefax:       +1 (403) 775 4474

 

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

 

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Telephone: +44 207 382 8300

 

Allenby Capital Limited (Financial Adviser)

Nick Harriss

Nick Athanas

Telephone:   + 44 (0) 203 328 5656

 

Yellow Jersey (Financial PR/IR)

Tim Thompson

Telephone: +44 (0) 203 735 8825

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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