News listings

energy-pedia general news

Zenith Energy announces private placement to raise gross proceeds of up to GBP 300,000


13 Feb 2020

Photo - see caption

Zenith Energy plans to issue up to 20,000,000 new common shares to existing UK institutional shareholders, as well as a selection of high net-worth private investors to raise gross proceeds of up to £300,000 (approximately CAD$516,000 or NOK 3,626,000).

The issue price of the Private Placement is planned to be £0.015 (approx. CAD$0.026 or NOK 0.18), representing a premium of 5.26% over the closing mid-market price of Zenith’s common shares admitted to trading on the London Stock Exchange on February 13, 2020.

The Private Placement is subject to TSXV approval.

Use of Proceeds

The proceeds of the Private Placement will be used to provide increased funding for the development of its production portfolio (£80,000), business development expenses for the identification of new oil & gas production assets (£130,000), as well as for general working capital purposes (£90,000).

Original article link

Source: Zenith Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 362

Completed Deals

Completed Upstream Deals: 5520

Company Profiles

Current Company Profiles: 2730

Corporate Activity

Current Corporate Activity articles: 3518

Companies Looking

Current number of articles: 441

Company Sales

Current Company Sales articles:1426

Geostudies

Current Geostudies articles: 742

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Bayphase
Rose & Assocs 149
Geoespace
OPC
KL Publishing
Government of South Australia
SLR Consulting logo
energy365
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com