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IN BRIEF: Zenith Energy Repays Debts; Raises GBP371,000

Wed, 06th Jan 2021 21:24

Zenith Energy Ltd - oil & gas company with production, exploration and development assets in Africa and Italy - Fully repays one and partially settles the second of two credit agreements entered into with a local financial institution in Azerbaijan for a total amount of around USD442,000.

Separately says it has raised GBP371,000 after an investor exercised warrants to buy 28.6 million shares at GBP0.013 each.

Current stock price: 1.21 pence

Year-to-date change: down 9.0%

By Ife Taiwo; ifetaiwo@alliancenews.com

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