Zenith Energy completes LSE listing and placing

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

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.