Zenith Energy Ltd. (TSX-V: ZEE; LSE: ZEN) announced that its entire common share capital, consisting of 98,564,867 common shares, has been admitted to the standard listing segment of the Official List of the FCA and to trading on the London Stock Exchange (LSE)’s Main Market under the ticker symbol “ZEN”.
Zenith Energy has also closed its previously announced placing of 33,322,143 common shares at £0.07 per share for gross proceeds of £2,332,550.
Zenith Energy intends to use net proceeds to provide additional funding for debt repayment, to provide additional funding for its development and appraisal activities in Azerbaijan, Italy and Argentina.
Calgary based Zenith Energy operates the largest onshore oil field of Azerbaijan, has oil fields in Argentina and significant gas producing assets in Italy.
photo credit: Zenith Energy
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