Zenith Energy Ltd Exercise of Warrants and Appointment of Broker (0137U)
19 October 2017 - 5:00PM
UK Regulatory
TIDMZEN
RNS Number : 0137U
Zenith Energy Ltd
19 October 2017
October 19, 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 and Appointment of Joint Corporate
Broker
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 1,257,875 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$188,681 (approximately GBP113,900).
The Warrant Shares were issued on October 18, 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 25, 2017
("Admission").
Total Voting Rights
Following Admission of the Warrant Shares, the Company will have
132,481,927 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.
Appointment of Joint Corporate Broker
The Company is pleased to announce the appointment of Beaufort
Securities Limited (Beaufort Securities) as joint corporate broker
to the Company on the London Stock Exchange with immediate
effect.
London Shareholder Meeting
The Company will hold a shareholder meeting, consisting of a
presentation followed by a Q & A session, to update UK
investors on Zenith's operational progress and development strategy
on December 4, 2017 in London. Chief Executive Officer, Andrea
Cattaneo, will deliver the presentation.
To confirm participation and receive event details please
contact info@zenithenergy.ca.
No new material information will be released during the
meeting.
Chief Executive Officer, Andrea Cattaneo, commented:
"Beaufort has a strong understanding of the transformational
potential of our assets in Azerbaijan, having produced an excellent
research report earlier in the year. I am sure that this
appointment will be of great assistance in supporting Zenith's
exciting journey ahead."
For further information, please contact:
Zenith Energy Ltd.
Andrea Cattaneo
Chief Executive Officer
Email: info@zenithenergy.ca
Tel: +1 (587) 315 9031
Fax: +1 (403) 775 4474
Optiva Securities - (Joint Broker)
Christian Dennis
Tel: + 44 (0) 203 137 1903
Beaufort Securities Limited - (Joint Broker)
Jon Belliss
Tel: +44 207 382 8300
Allenby Capital Limited - (Financial Adviser)
Nick Harriss
Nick Athanas
Richard Short
Tel: + 44 (0) 203 328 5656
Yellow Jersey (Financial PR/IR)
Tim Thompson
Tel: +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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