Tickers: PINX:CANIF, XTSX:ZEE
Tags: Oil & Gas
Calgary, AB / TheNewswire / October 19, 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 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 ?113,900).
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."
Neither 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.
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
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