Zenith Energy Ltd New strategic investor in Zenith Netherlands (4667L)
January 03 2023 - 1:45AM
UK Regulatory
TIDMZEN
RNS Number : 4667L
Zenith Energy Ltd
03 January 2023
January 3, 2023
ZENITH ENERGY LTD.
("Zenith" or the "Company")
New strategic investor in Zenith Netherlands
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company
with proven revenue generating production, exploration and
development assets in Africa and Europe is pleased to announce that
it has concluded a share purchase agreement ("SPA") with Hingbo
Industries Company Limited, a company incorporated in Hong Kong,
for the sale of a 51% interest in the issued, allotted, outstanding
and fully paid-up share capital of its fully owned subsidiary,
Zenith Energy Netherlands B.V ("Zenith Netherlands"), for a nominal
consideration.
Zenith Netherlands is currently dormant and has no assets.
A copy of this regulatory news announcement was published in the
Norwegian market at 17:55 CET on December 30, 2022, when the London
market was closed.
Andrea Cattaneo, Chief Executive Officer of Zenith,
commented:
"We are pleased to welcome a new strategic financial investor in
Zenith Netherlands, a company we shall use to pursue potentially
highly prospective future acquisition opportunities on a joint
venture basis.
The Board looks forward with enthusiasm to updating shareholders
on several fronts in due course. "
Further Information:
Zenith Energy Ltd
Tel: +1 (587) 315 1279
Andrea Cattaneo, Chief Executive E: info@zenithenergy.ca
Officer
---------------------------------
BlytheRay - Financial PR/IR Tel: +44 207 138 3204
Tim Blythe, Megan Ray E: zenith@blytheray.com
Alternative Resource Capital -
Broker Tel: +44 (0) 207 186 9004
Tel: + 44 (0) 207 186 9005
Alex Wood
Keith Dowsing
---------------------------------
Notes to Editors:
Zenith Energy Ltd. is a revenue generating, independent energy
company with production, exploration and development assets in
Tunisia, Italy and the Republic of the Congo, including electricity
generation in Italy. The Company is listed on the London Stock
Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo
Stock Exchange (OSE: ZENA).
Zenith's strategic focus is on pursuing transformational
opportunities in the Middle East, Africa, and Europe through the
development of proven revenue generating oil, gas, and electricity
production assets, as well as low-risk exploration activities in
assets with existing production.
For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: https://bit.ly/3A5PRJb
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"). Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
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END
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