RE: USA RNS - ACCESS TO CAPITAL MARKETS29 Aug 2023 09:49
Interesting RNS from what I gather CYAP was just an available listed company which had failed in its original purpose and was acquired on the cheap by zenith to be used to raise money in the U.S..............smart plan by AC imho as CYAP will clearly be used to own all of Zenith's U.S operations raising money to acquire U.S oil and gas assets and all owned by CYAP or whatever they change the name to......the best part is they can issue shares without diluting any shareholders in the existing Zenith Energy parent company..........good strategy by AC going forward IMO