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IN BRIEF: Zenith Energy Completes Norway Private Placement

Fri, 10th Jul 2020 17:15

Zenith Energy Ltd - Africa-focused oil & gas producer - Says it has completed a private placement in Norway for approximately GBP260,000. The issue price was approximately 0.7 pence and Zenith has issued a total of 60 million shares. The proceeds will go towards an acquisition campaign in Africa as well as for general working capital purposes.

Current stock price: 0.780 pence

Year-to-date change: down 57%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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