(TheNewswire)
Calgary, AB / TheNewswire / October 23, 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 th e Company has exercised warrants to acquire 1,306,050 new common shares of no par value (the " Warrant Shares
") in the capital of the Company on October 20, 2017. The exercise price of the warrants was CAD$0.20 per
share, and the total consideration received CAD$261,210 (approximately GBP159,570).
The Warrant Shares will be issued today, October 23, 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
30, 2017 (" Admission ").
Total Voting Rights
Following Admission of the Warrant Shares, the Company will have 133,787,977 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.
Advisers to the Company
Following the appointment of Beaufort Securities Limited as the Company's joint broker, announced on
October 19, 2017, Allenby Capital Limited has become the Company's financial adviser.
Neither the 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
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
Optiva Securities - (Joint Broker)
Christian Dennis
Telephone: + 44 (0) 203 137 1903
Beaufort Securities Limited - (Joint Broker)
Jon Belliss
Telephone: +44 207 382 8300
Allenby Capital Limited - (Financial
Adviser)
Nick Harriss
Nick Athanas
Richard Short
Telephone: + 44 (0) 203 328 5656
Yellow Jersey (Financial PR/IR)
Tim Thompson
Telephone: +44 (0) 203 735 8825
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