Zenith Energy Ltd Update on Previous Debt for Equity Announcement (3689Z)
14 3월 2017 - 4:01PM
UK Regulatory
TIDMZEN
RNS Number : 3689Z
Zenith Energy Ltd
14 March 2017
Update on Previous Debt for Equity Announcement of March 1,
2017
Calgary, Alberta, March 14, 2017, Zenith Energy Ltd. ("Zenith"
or the "Company") (LSE: ZEN; TSX.V: ZEE) the dual listed
international oil & gas production company is pleased to
announce that the Corporation has now issued 505,263 common shares
in the capital of the Corporation ("Common Shares") at a deemed
price of $0.1425 per Common Share, to settle certain debts owing by
the Corporation (the "Share Settlement"). The Share Settlement was
previously announced by the Corporation on March 1, 2017, and
indicated the Corporation had agreed to issue 675,000 Common
Shares, but due to recent increases in the price of the Common
Shares the Company was only permitted, under the rules of the TSX
Venture Exchange, to issue 505,263 Common Shares. The Company
further confirms that the debts have been fully paid, with the
balance being settled in cash.
The Common Shares issued pursuant to the Share Settlement are
subject to a four-month hold period.
For further information, please contact:
José Ramón López-Portillo Chairman
Andrea Cattaneo CEO & President
Email: info@zenithenergy.ca
Telephone: +1 (587) 315-9031
Telefax: +1 (403) 775-4474
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 14, 2017 03:01 ET (07:01 GMT)
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