Tickers: PINX:CANIF, XTSX:ZEE
Tags: Oil & Gas
Calgary, AB / TheNewswire / November 22, 2017 – Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), 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 3,150,000 new common shares of no par value (the "Warrant Shares") in the capital of the Company on November 21, 2017. The exercise price of the warrants was CAD$ 0.15 per share, and the total consideration received CAD$ 472,500 (approximately GBP283,500).
The Warrant Shares were issued on November 21, 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 November 28, 2017 ("Admission").
Total Voting Rights
Following Admission of the Warrant Shares, the Company will have 139,050,119 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Zenith Energy Ltd.
Chief Executive Officer
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
Optiva Securities – (Joint Broker)
Telephone: + 44 (0) 203 137 1903
Beaufort Securities Limited – (Joint Broker)
Telephone: +44 207 382 8300
Allenby Capital Limited – (Financial Adviser)
Telephone: + 44 (0) 203 328 5656
Yellow Jersey (Financial PR/IR)
Telephone: +44 (0) 203 735 8825
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.
Copyright (c) 2017 TheNewswire – All rights reserved.