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Zenith Energy Ltd (LSE:ZEN) | RNS | Zenith Energy Ltd - Correction: Norwegian institutional investment


 
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.
 
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
In view of an unsolicited expression of interest from a well-respected Norwegian institutional investor wishing to take a position in the share capital of Zenith, the Board is very pleased to accept this investment which enables the entry of what is hoped to be a long-term, potential cornerstone Norwegian institutional investor.  ....

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Investegate |Zenith Energy Ltd Announcements | Zenith Energy Ltd: Correction: Norwegian institutional investment


May 11, 2021
 
Reference is made to the announcement published by Zenith Energy Ltd. ( Zenith or the Company ) (LSE: ZEN; OSE: ZENA) at 13:19 on May 10, 2021 (RNS number:
1185Y)
regarding Norwegian institutional investment in Zenith (the Private Placement ).
 
The corrected information is displayed below in relation to the issuance of share purchase warrants in connection with the Private Placement (the Warrants ):
 
The Company has issued the following Warrants: 
·
34,284,000 Warrants with an exercise price of NOK 0.25 expiring on July 1, 2022
·
25,716,000 Warrants with an exercise price of NOK 0.325 expiring on July 1, 2023
Each Warrant will provide the investor the right to one new common share in the share capital of Zenith upon exercise.  ....

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Norway: Zenith Energy announces successful private placement in Norway to raise NOK 6,000,000


Norway: Zenith Energy announces successful private placement in Norway to raise NOK 6,000,000
10 May 2021
Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has secured Norwegian institutional investment in Zenith by way of a private placement in Norway which has also attracted the participation of a high-net-worth private investor (the Private Placement ). The Private Placement has resulted in the issuance of 60 million new common shares in the share capital of the Company (the Private Placement Shares ) for a total consideration of NOK 6,000,000 (approx. £ 522,000 or EUR 600,000). It is expected that the Private Placement Shares will be issued May 10, 2021.  ....

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