Zenith Energy Ltd Exercise of Warrants (3773T)
October 12 2017 - 1:00AM
UK Regulatory
TIDMZEN
RNS Number : 3773T
Zenith Energy Ltd
12 October 2017
October 12, 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").
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Exercise of Warrants
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 2,049,775 new common shares of no par value
(the "Warrant Shares") in the capital of the Company. The exercise
price of the warrants was CAD$0.15 per share, and the total
consideration received CAD$307,466 (approximately GBP186,300).
The Warrant Shares were issued on October 11, 2017 by the
registrars in Canada.
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 October 18, 2017
("Admission").
Total Voting Rights
Following Admission of the Warrant Shares, the Company will have
131,224,052 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
Allenby Capital Limited - (Joint Broker)
Nick Harriss
Nick Athanas
Richard Short
Telephone: + 44 (0) 203 328 5656
Optiva Securities - (Joint Broker)
Christian Dennis
Telephone: + 44 (0) 203 137 1903
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
END
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