TIDMZEN

RNS Number : 3215E

Zenith Energy Ltd

03 July 2019

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.

July 3, 2019

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Filing of Annual Information Form

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME) the listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce that, in accordance with Canadian securities laws, it has filed its Annual Information Form ("AIF") for the year-ended March 31, 2019 on SEDAR (www.sedar.com).

A copy of the AIF will shortly be available for electronic review on the Company's website: www.zenithenergy.ca.

Admission of OSE and TSX listed shares on the LSE Main Market

The Company will soon begin work on a new admission document and is currently in the final stages of selecting the most suitable corporate finance adviser to help undertake this process.

The publication of an admission document is required, in accordance with the FCA's Prospectus Rules and Listing Rules, for the admission to trading of common shares of no par value in the capital of the Company ("Common Shares") on the Main Market for listed securities of the London Stock Exchange ("Admission"), where Admission is required within twelve months of the issue date of the Common Shares. The Common Shares for which Admission is required have already been issued and listed on the TSX Venture Exchange and the Merkur Market of the Oslo Børs.

In connection with the Admission of the aforementioned Common Shares to trading on the London Stock Exchange Main Market, the Company proposes to publish a prospectus. This may include information regarding any transaction, or other relevant matter relating to the Company at the time of publication, which the Company may deem necessary to disclose at such time.

The preparation of the prospectus remains at an initial phase and the date of publication and its content is undefined at this stage.

Total Voting Rights

The Company wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the following information:

 
 
      Class of share            Total number          Number of          Total number 
                                 of shares          voting rights      of voting rights 
                                                      per share          per class of 
                                                                            share 
    Common shares in 
    issue and admitted 
    to trading on the 
    Main Market of the 
  London Stock Exchange             258,404,153          1                   258,404,153 
                          ---------------------  ----------------  --------------------- 
 Common shares in 
  issue and admitted 
  to trading on the 
  TSXV                              312,408,725          1                   312,408,725 
                          ---------------------  ----------------  --------------------- 
 Common shares in 
  issue and admitted 
  to trading on the 
  Merkur Market of 
  the Oslo Børs                312,408,725          1                   312,408,725 
                          ---------------------  ----------------  ---------------------

No shares are held in treasury. The above figure for total number of Common Shares 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 a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Further information:

 
 Zenith Energy Ltd 
 Andrea Cattaneo, Chief Executive    Tel: +1 (587) 315 9031 
  Officer 
                                    ----------------------------- 
                                     E-mail: info@zenithenergy.ca 
                                    ----------------------------- 
 
 Peterhouse Capital - Joint Broker   Tel: + 44 (0) 207 469 
                                      0930 
                                    ----------------------------- 
 Lucy Williams 
                                    ----------------------------- 
 Charles Goodfellow 
                                    ----------------------------- 
 
 Novum Securities Limited - Joint    Tel: + 44 (0) 207 399 
  Broker                              9400 
                                    ----------------------------- 
 Charlie Brook-Partridge 
                                    ----------------------------- 
 Hugh McAlister 
                                    ----------------------------- 
 
 
 IFC Advisory Limited - Financial    Tel: + 44 (0) 203 934 
  PR & IR                             6630 
                                    ----------------------------- 
 Graham Herring 
                                    ----------------------------- 
 Miles Nolan 
                                    ----------------------------- 
 Zach Cohen 
                                    -----------------------------

Notes to Editors:

Zenith Energy Ltd. is an international oil and gas production company, listed on the TSX Venture Exchange (TSX.V:ZEE) and London Stock Exchange (LSE:ZEN). In addition, the Company's common share capital was admitted to trading on the Merkur Market of the Oslo Børs (ZENA:ME) on November 8, 2018. The Merkur Market is a multilateral trading facility owned and operated by the Oslo Børs.

The Company was assigned a medium to long-term issuer credit rating of "B+ with Positive Outlook" on October 8, 2018 by Arc Ratings, S.A.

The Company operates the largest onshore oilfield in Azerbaijan following the signing of a 25-year REDPSA, (Rehabilitation, Exploration, Development and Production Sharing Agreement), with SOCAR, State Oil Company of the Republic of Azerbaijan, in 2016.

The Company's primary focus is the development of its Azerbaijan operations by leveraging its technical expertise and financial resources to maximise low-cost oil production via a systematic field rehabilitation programme intended to achieve significantly increased revenue. Zenith also operates, or has working interests in, a number of natural gas production concessions in Italy. The Company's Italian operations produce natural gas, condensate and electricity.

Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the onshore oil & gas sector. The Company's Board of Directors and senior management team have the experience and technical expertise to develop the Company successfully.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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