ZENA - Emisjon

Furuen
ZENA 27.02.2023 kl 22:06 54936

https://newsweb.oslobors.no/message/583710

Institutional investment in Zenith

February 27, 2023
ZENITH ENERGY LTD.

("Zenith" or the "Company")

Institutional investment in Zenith

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa, the Middle East and Europe, is pleased to announce that it has completed a fundraise in the United Kingdom (the "UK Financing"), and in Norway (the "Norwegian Financing", collectively, the "Financings").

The Financings have attracted the participation of existing institutional investors, including Premier Miton Investors, as well as Directors and employees of the Company, to raise an aggregate total amount of approximately £2,300,000 or NOK 28,484,580, resulting in the issuance of 437,728,088 new common shares.

Issue Price

The issue price of the Financings was £0.0054 for the UK Financing and NOK 0.067 for the Norwegian Financing.

Use of Proceeds

The proceeds of the Financings will be used to provide additional funding for the following:

• Negotiation and planned finalisation of a Production Sharing Contract for Block 1, Sèmè oilfield in Benin
• Technical and managerial appointments in view of planned operations in Yemen
• Additional funding for the development of Zenith’s Tunisian oil and Italian natural gas production portfolio
• Business development activities in Africa and the Middle East
• General working capital

Norwegian Financing

Zenith has issued a total of 378,931,792 new common shares of no-par value in the capital of the Company (“Norwegian Financing Common Shares"), to be admitted to trading on the Euronext Growth Oslo (the "Norwegian Financing Admission”) raising gross proceeds of NOK 25,388,430 (approximately £2,050,000).

An application for the Norwegian Financing Common Shares to also be listed on the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities will be made within 12 months of the issue of the Norwegian Financing Common Shares.

The Norwegian Financing Common Shares will rank pari passu in all respects with the existing common shares of the Company.

The Company has issued 113,679,538 share purchase warrants exercisable at a price NOK 0.094 for a duration of 3 years from the date of issue in connection with the Norwegian Financing.


UK Financing

Zenith has issued a total of 46,296,296 common shares of no-par value in the capital of the Company on the London Stock Exchange (the "UK Financing Common Shares") to raise gross proceeds of £250,000 (approximately NOK 3,096,150).

An application will be made for the UK Financing Common Shares to be listed on the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities (the "UK Financing Admission").

It is expected that the UK Financing Admission will become effective and that unconditional dealings in the UK Financing Common Shares will commence on or around 8.00 a.m. (GMT) on approximately March 3, 2023.

An application will also be made for the UK Financing Shares to be admitted to trading on the Euronext Growth Oslo.
The UK Financing Shares will rank pari passu in all respects with the existing common shares of the Company.

The Company has issued 13,888,889 share purchase warrants exercisable at a price £0.0076 for a duration of 3 years from the date of issue in connection with the UK Financing.

Debt Settlement

The Company has allotted 12,500,000 Common Shares (“Debt Settlement Shares”) to a service provider in lieu of cash settlement for services provided to Zenith for a total value of £67,500.

An application will be made for the Debt Settlement Shares to be listed on the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities (the "Debt Settlement Admission"). An application will also be made for the Debt Settlement Shares to be admitted to trading on the Euronext Growth Oslo.

The Debt Settlement Shares will rank pari passu in all respects with the existing common shares of the Company.
It is expected that the Debt Settlement Admission will become effective and that unconditional dealings in the Debt Settlement Shares will commence on or around 8.00 a.m. (GMT) on approximately March 3, 2023.

Director Dealing/ PDMR Shareholding

Mr. Andrea Cattaneo, Chief Executive Officer & President of Zenith, has subscribed for 64,695,672 common shares of no-par value in the capital of the Company in connection with the Norwegian Financing.

Upon the Norwegian Financing Admission, Mr. Cattaneo will be directly beneficially interested in a total of 167,163,912 Common Shares in the capital of the Company, representing 7.24% percent of the total issued and outstanding common share capital of the Company.

Mr. Luca Benedetto, Chief Financial Officer of Zenith has subscribed for 27,726,716 common shares of no-par value in the capital of the Company in connection with the Norwegian Financing.

Upon the Norwegian Financing Admission, Mr. Benedetto will be directly beneficially interested in a total of 27,726,716 common shares in the capital of the Company, representing 1.20% percent of the total issued and outstanding common share capital of the Company.

Total Voting Rights

The Company wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and section 3.10 of the Euronext Growth Oslo Rule Book Part II, the following revised information resulting from completion of the Financings.

Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share

Common Shares in issue and admitted to trading on the Main Market of the London Stock Exchange upon the UK Financing Admission. 1,931,370,745 1 1,931,370,745
Common Shares in issue and admitted to trading on the Euronext Growth Market of the Oslo Børs, representing the newly enlarged outstanding share capital of the Company.
2,310,302,537 1 2,310,302,537

Andrea Cattaneo, Chief Executive Officer, commented:

“We are pleased to have attracted the continued support of long-term institutional investors, including Premier Miton, to the fundraise.

Our confidence in the Company’s future successful development remains unchanged and is evidenced by the material commitment made by management to the fundraise.

There are various potentially transformational value catalysts during the course of 2023. To this end, the Zenith team is working tirelessly towards successfully achieving our objectives for the benefit of all shareholders.”
Redigert 27.02.2023 kl 22:07 Du må logge inn for å svare
jantt
02.03.2023 kl 20:31 4232

Har købt en million aktier mere her omkring 0,07. Mit gak er omkring 0,12.
Har fået mere tiltro til Yemen efter at det skulle være kinskere der er med og ledelsen tager en del af de nye aktier.
Dog er det ulideligt at se kursen bliver ved med at falde
Redigert 03.03.2023 kl 06:24 Du må logge inn for å svare
Gullit
02.03.2023 kl 22:04 4132

Det har vi sett før. Men helt enig, den bør vel heller stige på økte forventninger fremover, så er det nok litt for mange som har mistet troen så denne gangen må nok en spikret avtale på plass før vi får ett løft. Men for ett løft det kan bli!!
Viking_I
03.03.2023 kl 07:46 3901

One more prediction syndicate will take course to 0.06 if no info surface as leak from Yemen. Waiting to fill more around .06 to .062
patek5146
03.03.2023 kl 07:57 3949

The only prediction that seems to be true is that we will end in red every day🤣🤣🤣🤣
Gullhaugen
03.03.2023 kl 08:01 3990

Så tålmodighet, kjøp og Hold og vent til påske. Utnytt algoen til å få.tak i gode kjøp nå. Jeg tror ikke det er så mange reelle selgere nå.
Redigert 03.03.2023 kl 08:02 Du må logge inn for å svare
Viking_I
03.03.2023 kl 08:25 4044

its squeezing going on sell on 0.07 20 million shares buy at 0.065 - 100k profit. It is manipulation and company allow it. look like syndicate getting someone form insider. Until n unless we get new 100 shareholders list we will not know more. Compare last 100 share holder list we will come to know who is syndicate members.

for those who thinks its myth,
https://www.finansavisen.no/forum/thread/149561/view/4544155/0?page=11
https://www.finansavisen.no/forum/thread/152029/view/4760665?legacy=0
https://www.finansavisen.no/forum/thread/152419/view/4806172?legacy=0

yesterday "Calebs" deleted post confirming syndicate.
Redigert 03.03.2023 kl 08:31 Du må logge inn for å svare
Gullhaugen
03.03.2023 kl 10:28 3966

🤣 Ser jaggu ut som om algoen har plassert ut hele arsenalet på salgssiden nå. Klarer den å skremme noen til å dumpe ned i løvens gap ??
patek5146
03.03.2023 kl 11:13 3883

Desværre mangler der aldrig sælgere af fader AC’s øre aktier
Viking_I
03.03.2023 kl 11:42 3827

syndicate must be 100million share to create pressure ...............but if they make more Zenith in bear mode it will be worth 0 value to them.
Redigert 03.03.2023 kl 13:03 Du må logge inn for å svare
Viking_I
03.03.2023 kl 13:34 3680

Benin news now come anytime soon as 90 days from 15th Dec ...............is 15 th March.
1) Zenith share issue video on social media on 10th Feb (probably after the PSC near to complete)
2) After refinancing on 27th Feb 14 days finish around 13th March

As company announced market after entering into deal to negotiation “We are extremely pleased to have been granted the Exclusivity to negotiate and finalize the terms of a PSC for Block-1 by the authorities in Benin"

Expecting news from Benin around 15th to 16th March. around same period within 1 week to give course double engine blow.

As per info " it was planed same in Jan first week but after oil ministry issue clarification take away all fuel from Yemen news. Also AC expected Congo in first two week of Feb (it happened too) so he planned IC in first two week of Feb as mailed someone ...........but it change in other direction. AC promised another field from highest level too in two days after ministerial meeting. there is always unwritten rules in these countries on it works. president will not ignore AC as manager also nearer to presidents son"

but I am eagerly waiting for Yemen news...…
Redigert 03.03.2023 kl 13:53 Du må logge inn for å svare
Hektor
03.03.2023 kl 13:41 3691

Hvor har du 15 mars fra? Blir det ikke mer riktig med 10 april
Viking_I
03.03.2023 kl 13:43 3687

https://newsweb.oslobors.no/message/571772
it was 60 days from 15th Sep and date of announcement was 15th Dec.
Viking_I
03.03.2023 kl 13:56 3658

Don't buy but dont sell too wait until 15th March ...................Allowed syndicate to play themselves.
large hidden order to sell at 0.0668 - 15000
Redigert 03.03.2023 kl 13:58 Du må logge inn for å svare
Mulla3
03.03.2023 kl 14:04 3647

Har sittet en stund i denne aksjen, men nå lurer jeg virkelig på om innvesteringen går til avskrivning.
Pessimist1
03.03.2023 kl 14:09 3639

De hadde jo et oljelager i Tunisia verdt utrolig mye penger fra SLK som skulle vært solgt sommeren 2022. Er det ikke rart de kjører en emisjon å utvanner aksjonærene når de kunne solgt olje 9 måneder på overtid å dekt alt? Eller er det normalt å bomme med oljesalg på 9 måneder å aldri snakke om det igjen?
Viking_I
03.03.2023 kl 14:31 3591

it is announced on 10th Jan to market so they have done deal before announcement with government. Tender opening date was 15th Dec 2022.
Viking_I
03.03.2023 kl 14:35 3574

As per half year report (30th Sep ) worth $9 million inventory was with Zenith.
Viking_I
03.03.2023 kl 15:48 3497

Some one fail to create sell pressure. will buyback soon whatever sold around 0.0655
Redigert 03.03.2023 kl 15:49 Du må logge inn for å svare
Pessimist1
03.03.2023 kl 17:33 3402

Det er jo hevet over enhver tvil at det er svært amatørmessig å kjøre en private placement og utvanne alle aksjonærer med 20 prosent når man kunne finansiert det med å selge olje. Om det er tilfelle er det jo bare ekstremt amatørmessig utført.
Aldara
03.03.2023 kl 18:10 3350

Finnes denne oljen?
Slettet bruker
03.03.2023 kl 19:08 3276

En kan snart begynne å lure på det ....
Allroad18
03.03.2023 kl 20:54 3195

Ja, denne oljen er jo ikke nevnt i noen sammenheng- det er merkelig, for det er jo tross alt snakk om en del millioner. Disse pengene skulle egentlig stått på konto for lenge siden. Hvorfor er ikke denne oljen nevnt ?
BMU
03.03.2023 kl 21:00 3212

I haw ben her for a while to, and gone to Hermit mode and tray not to make any conclusion, rather maintenance.keep op optimiser.
Viking_I
03.03.2023 kl 22:15 3179

Insider wants to control More cheaper. 190 million warrants will lapse next week.
Furuen
03.03.2023 kl 22:36 3157

Financial calendar

Financial calendar for Zenith Energy Ltd

FINANCIAL YEAR 2022

14.04.2023 - Annual General Meeting



FINANCIAL YEAR 2023

31.07.2023 - Annual Report
20.03.2024 - Annual General Meeting

https://newsweb.oslobors.no/message/584280
patek5146
04.03.2023 kl 10:27 2944

Ikke noget planlagt i nærmeste fremtid, måske fader AC ved at han vil blive mødt med fakler og høtyve fra utilfredse aktionærer 🤣🤣🤣🤣
Redigert 04.03.2023 kl 10:27 Du må logge inn for å svare
Barneskirenn
04.03.2023 kl 10:52 2932

Børsmelding fra tidligere i år, 09.01.23;
https://newsweb.oslobors.no/message/579860

«Financial calendar for Zenith Energy Ltd
FINANCIAL YEAR 2022
22.03.2023 - Annual General Meeting»

Ny dato: 14.04.23. Utsatt generalforsamlingen med 3 uker.
Redigert 04.03.2023 kl 10:53 Du må logge inn for å svare
Blientotre
04.03.2023 kl 11:16 2904

Hvordan kan de drive og utsette hele tiden?
Det gjorde de i fjor også..
Slettet bruker
04.03.2023 kl 13:08 2970

Jeg er usikker på hvor lenge de kan utsette ett årmøte.
Generelt er det ikke noe godt signal selv med god grunn.

Litt mere åpenthet hadde hvert bedre.
Aksjer i Zenith er høy risiko selv noen tror noe annet
Redigert 04.03.2023 kl 13:11 Du må logge inn for å svare
BMU
04.03.2023 kl 13:12 2986

Hope and intens work to com opp with sum thing positive before General meeting.
I m in the gray zone wright now, so I keep my comments short and hopefully as positive as I can.
Redigert 04.03.2023 kl 13:23 Du må logge inn for å svare
Gullit
04.03.2023 kl 15:47 2866

De ser vel for seg noen avklaringer innen den tid. Da er nok det tilgitt ..
Northill
04.03.2023 kl 16:33 2860

Det vel vel ikke uvanlig?
Tenker det kan være regnskapsmessige forhold.
Er det noen som har funnet mere informasjon rundt oppskalering av gassproduksjon i Italia?
https://aksjeanalyser.com/2022/09/09/zenith-energy-zena-kan-vaere-pa-god-vei-til-a-i-lopet-av-kort-tid-a-bli-en-solid-pengemaskin-aksjeanalyser-com-tror-aksjen-lett-kan-dobles-og-flerdobles-de-neste-6-12-maneder-selskapet-hadde-reko/amp/
Herman*
04.03.2023 kl 19:22 2722

De jobber nok for livet med å få på plass en avtale....
Redigert 04.03.2023 kl 19:23 Du må logge inn for å svare
Slettet bruker
04.03.2023 kl 21:14 2684

Dette er skrevet for 6 måneder siden.


BlackPearl
04.03.2023 kl 22:17 2610

miner meg på dagene etter de forlot Asarbaijan, og like før de «fikk» Tlp
Hektor
04.03.2023 kl 22:50 2570

Minner deg om at dette er en oljemygg og store potensielle avtaler venter. Syntes det er helt greit å utsette.

Frist ca 10 april...

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the energy company with proven revenue generating production, exploration and development assets in Africa and Europe, is delighted to announce that the Ministry of Water and Mines of the Republic of Benin has awarded Zenith Energy an exclusivity (the “Exclusivity”) for a period of three months to negotiate and finalise the terms of a Production Sharing Contract (“PSC”) for Block 1 containing the Sèmè oilfield, offshore Benin ("Block-1").
Ermo
05.03.2023 kl 01:17 2426

Benytter anledning til også nevne at det er stor risiko her.
Ble nok for min del, solgt meg ut med tap. Vil ikke lykkes.