Zenith Energy Ltd Exercise of Warrants (8554V)

TIDMZEN

RNS Number : 8554V

Zenith Energy Ltd

08 November 2017

November 8, 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 1,612,142 new common shares of no par value (the "Warrant Shares") in the capital of the Company on November 7, 2017. The exercise price of the warrants was CAD$0.20 per share, and the total consideration received was CAD$322,428 (approximately GBP194,600).

The Warrant Shares were issued yesterday, November 7, 2017, by the registrars in Canada. The Warrant Shares will rank pari passu in all respects with the existing common shares of the Company.

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 November 15, 2017 ("Admission").

Total Voting Rights

Following Admission of the Warrant Shares, the Company will have 135,900,119 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: [e-mail]

Telephone: [phone]

   Telefax:       [phone] 

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Telephone: [phone]

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

   Telephone:   + 44 (0) 203 328 5656 

Yellow Jersey (Financial PR/IR)

Tim Thompson

Telephone: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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November 08, 2017 02:00 ET (07:00 GMT)