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Zion Oil and Gas Inc V.ZN


Primary Symbol: ZNOG

Zion Oil & Gas, Inc. is an oil and gas exploration company. The Company holds replacement license for New Megiddo License 428 (NML 428), which lies onshore, south, and west of the Sea of Galilee. Its wholly owned subsidiaries include Zion Drilling, Inc., which is focused on owning a drilling rig, related equipment and spare parts, and Zion Drilling Services, Inc., which acts as the contractor providing drilling services. The Company has not generated any revenues.


OTCQB:ZNOG - Post by User

Post by CrashLandingon Feb 19, 2010 9:24pm
457 Views
Post# 16802253

NEWS - F/T Private Placement

NEWS - F/T Private PlacementZINCCORP RESOURCES INC. ("ZN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 19, 2010
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect
to a Non-Brokered Private Placement announced January 29, 2010:

Number of Shares:            6,000,000 flow-through shares

Purchase Price:             
.085 per share

Warrants:                    6,000,000 share purchase warrants to purchase
                             6,000,000 shares

Warrant Exercise Price:     
.15 for a two year period

Number of Placees:           2 placees

Insider / Pro Group Participation:

                             Insider=Y /
Name                        ProGroup=P /       # of Shares
Michael Potter                       Y           4,000,000

Finder's Fee:                Raymond James Ltd. will receive a cash
                             finder's fee of $40,800.00

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement
and setting out the expiry dates of the hold period(s). The Company must
also issue a news release if the private placement does not close
promptly. Note that in certain circumstances the Exchange may later
extend the expiry date of the warrants, if they are less than the maximum
permitted term.

TSX-X
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