Firering Strategic Minerals: From explorer to producer. Watch the video here.
https://newsweb.oslobors.no/message/528815
March 25, 2021
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Director/ PDMR Shareholding
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, announces that its Chief Executive Officer, Mr. Andrea Cattaneo, has notified the Company that yesterday, March 24, 2021, he purchased a total of 3,500,000 common shares of no par value ("Common Shares") in the capital of the Company at an average price of NOK 0.1210 per Common Share (equivalent to approximately £0.01) on the Euronext Growth of the Oslo Stock Exchange.
Following the aforementioned dealing, Mr. Cattaneo is directly beneficially interested in a total of 61,484,115 common shares in the capital of the Company, representing 5.28 percent of the total issued and outstanding common share capital of the Company admitted to trading on the Euronext Growth Oslo.
Further Information:
Zenith Energy Ltd
Andrea Cattaneo, Chief Executive Officer Tel: +1 (587) 315 9031
E-mail: info@zenithenergy.ca
Allenby Capital Limited - Financial Adviser & Broker
Nick Harriss
Nick Athanas Tel: + 44 (0) 203 328 5656
Notes to Editors:
Zenith Energy Ltd. is an international oil and gas production company, listed on the London Stock Exchange (LSE:ZEN) and the Euronext Growth Market of the Oslo Stock Exchange (OSE:ZENA).
Zenith's development strategy is to identify and rapidly seize value-accretive hydrocarbon production opportunities in the oil & gas sector, specifically in Africa.
The information included in this announcement is defined as inside information
pursuant to MAR article 7 and is publicly disclosed in accordance with MAR
article 17 and section 5 -12 of the Norwegian Securities Trading Act. The
announcement is made by the contact person.
...
Zenith has achieved considerable progress in respect of its development objectives during the first quarter of 2021 and, with the rise in oil prices, we are at what the Board believes to be a defining stage in the Company’s development.
One of our primary priorities is the successful management of our growing production and development portfolio in Tunisia, as well as building a fruitful long-term relationship with our local partners. By way of the Private Placement, we have further strengthened our cash position to enable the completion of additional acquisitions, as well as funding the commencement of planned field development activities within the Ezzaouia Concession.
I look forward to reporting on our exciting progress across our African portfolio in due course.”
https://newsweb.oslobors.no/message/528333
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it intends to complete a private placement in Norway (the “Private Placement”).
The Private Placement has resulted in the issuance of 75 million new common shares in the share capital of the Company (the “Private Placement Shares”) for a total consideration 8,625,000 (approximately £725,000 or EUR 846,000). It is expected that the Private Placement Shares will be issued on March 22, 2021.
The Board of Directors of the Company has considered it to be in the best interest of shareholders to raise capital by way of a Private Placement directed at a limited number of investors in order to attract funding without delay and in a cost-efficient manner.
Subscription Price
The subscription price of the Placement Shares was NOK 0.115 (equivalent to approximately £0.01), a discount of approximately 8.7% in respect of the closing price of the Company’s common shares admitted to trading on the Euronext Growth of the Oslo Stock Exchange on March 19, 2021.
Use of Proceeds
Proceeds from the Offering will be deployed to fund planned field development activities to be performed in the Ezzaouia Concession following the acquisition of Ecumed Petroleum Zarzis Ltd ("EPZ"), announced to the market on March 15, 2021, as well as providing additional general working capital to support Zenith’s development activities.
Total Voting Rights
The Company wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and section 6.2.2 of the Oslo Rule Book II – Issuer Rules, the following revised information resulting from the issuance of the Private Placement Shares.
Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share
Common Shares in issue and admitted to trading on the Main Market of the London Stock Exchange 313,400,824 1 313,400,824
Common Shares in issue and admitted to trading on the Euronext Growth Market of the Oslo Børs - representing the total outstanding common share capital of the Company 1,163,889,331 1 1,163,889,331
The above figure for total number of common shares 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 a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Andrea Cattaneo, Chief Executive Officer of Zenith, commented:
“We have developed a strong following in Norway which has been made clear by the significant liquidity we have seen in recent times.
...
Exercise of Warrants
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA), the listed
international oil & gas production company focused on pursuing African
development opportunities, is pleased to announce that an investor in the
Company has exercised warrants to acquire a total of 16,428,571 new common
shares of no par value (the "Warrant Shares") in the capital of the Company with
an exercise price of NOK 0.15 (equivalent to approximately £0.013) for a total
consideration of 2,464,286 NOK (approximately £209,600).
Admission of the Warrant Shares to the Euronext Growth of the Oslo Stock
Exchange is expected to take place tomorrow, March 19, 2021. The Warrant Shares
will rank pari passu in all respects with the existing common shares of the
Company.
An application for the Warrant Shares to be listed on the standard segment of
the FCA Official List and to be admitted for trading on the London Stock
Exchange Main Market for listed securities will be made within 12 months of the
issue date.
Total Voting Rights
The Company wishes to announce, in accordance with the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules, the following revised
information resulting from completion of the Financing.
Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share
Common Shares in issue and admitted to trading on the Main Market of the London
Stock Exchange 313,400,824 1 313,400,824
Common Shares in issue and admitted to trading on the Euronext Growth Market of
the Oslo Børs - representing the total outstanding common share capital of the
Company 1,088,889,331 1 1,088,889,331
Nordnet is the main Nordic platform for buying and selling stocks. They are also (considering?) becoming a bank. Most of the time when Nordnet shows up as a stock owner, they are representing several 100ks of private investors.
I don't wanna be a party bummer, but this is actually not a large investor.
Nordnet Pension consists of 100 000s of small investors buying through "Zero accounts" (pension saving).
I.e. those 5% are not owned by Nordnet, but probably 100k+ small Norwegian investors.
Not much to read from this...