21 Mar 2017 13:30
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ZENITH ENERGY LTD.
("Zenith" or the "Company")
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FULL CONVERSION OF STERLING DENOMINATED £100,000 CONVERTIBLE LOAN NOTE
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Calgary, Alberta, March 21, 2017, Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE), the dual listed international oil & gas production company, is pleased to announce that Gunsynd PLC ("Gunsynd") has elected to fully convert its GBP£100,000 principal amount unsecured convertible note (the "Convertible Note") into common shares of the Company ("Common Shares") at the conversion price of CAD$0.10, as outlined in the Company's prospectus published on January 5, 2017.
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Upon conversion of the Convertible Note 1,637,100 Common Shares will be issued to Gunsynd. This fully extinguishes Zenith's GBP convertible debt.
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Following the issuance of the 1,637,100 Common Shares, the Company will have 113,407,230 issued and outstanding Common Shares.
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For further information, please contact:
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Zenith Energy Ltd.
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José Ramón López-Portillo
Chairman of the Board
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Andrea Cattaneo
CEO & President
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E-mail: info@zenithenergy.ca
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
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Allenby Capital Limited - (Joint Broker)
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Nick Harriss
Nick Athanas
Richard Short
Telephone: Â +44 (0) 203 328 5656Â
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Optiva Securities - (Joint Broker)
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Christian Dennis
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Telephone: +44 (0) 203 137 1903
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