(TheNewswire)
Calgary, AB / TheNewswire / November 2, 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 500,000 new common shares of no par value (the " Warrant
Shares ") in the capital of the Company on October 31, 2017. The exercise price of the
warrants was CAD$0.15 per share, and the total consideration received CAD$75,000 (approximately £44,000).
The Warrant Shares were issued yesterday, November 1, 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 7, 2017 (" Admission ").
Total Voting Rights
Following Admission of the Warrant Shares, the Company will have 134,287,977 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.
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
Telephone: + 44 (0) 203 328
5656
Yellow Jersey (Financial PR/IR)
Tim Thompson
Telephone: +44 (0) 203 735 8825
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