Zenith Energy Ltd Delisting from TSX-V (1456O)
28 5월 2020 - 3:00PM
UK Regulatory
TIDMZEN
RNS Number : 1456O
Zenith Energy Ltd
28 May 2020
May 28, 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon
publication of this announcement via a regulatory information
service ("RIS"), the inside information contained in this document
is now considered to be in the public domain .
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Delisting from TSX-V
Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE:ZEN);
(TSXV:ZEE); (OSE:ZENA-ME), the international oil & gas
production company focused on African development opportunities ,
is pleased to announce that the TSX Venture Exchange ("TSX-V") has
confirmed that effective at the close of business Friday, May 29,
2020, the common shares of the Company will be delisted from the
TSX-V at Zenith's request.
As announced on April 22, 2020, following the Company's dual
listing on the Main Market for listed securities of the London
Stock Exchange ("LSE") in January 2017 and the admission of its
entire share capital to the Merkur Market of the Oslo Stock
Exchange ("Merkur Market") in November 2018, the Company has seen
its investor base move increasingly towards the UK and Norway, with
limited investor support from the Canadian market
Given the aforementioned, and in light of the impact of the
COVID-19 pandemic and low oil price environment, the Company has
been reviewing its corporate structure to maximise cost control
and, following this review, has elected to delist from the TSX-V.
The benefits of delisting are expected to result in materially
lower administrative costs, greater operational efficiency and
management time savings.
Termination of Corporate Broker Agreement
To achieve further corporate cost savings, Zenith announces that
Novum Securities Limited has ceased to act as broker to the
Company.
Further Information:
Zenith Energy Ltd.
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
-----------------------------
E-mail: info@zenithenergy.ca
-----------------------------
Notes to Editors :
Zenith Energy Ltd. is an international oil and gas production
company, listed on the London Stock Exchange (LSE:ZEN), the TSX
Venture Exchange (TSX.V:ZEE) and the Merkur Market of the Oslo
Stock Exchange (ZENA:ME).
Zenith's development strategy is to identify and rapidly seize
value-accretive hydrocarbon production opportunities in the onshore
oil & gas sector, specifically in Africa. The Company's board
of directors and senior management team have the experience and
technical expertise to develop the Company successfully.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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