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Beskrivning

LandKanada
ListaEuronext Growth Oslo
SektorRåvaror
IndustriOlja & gas
Zenith Energy är verksamma inom olje- och gassektorn. Bolaget är specialiserade inom prospektering samt vidare utvinning av olja- och naturgas. Störst andel av förnödenheterna består av råolja. Verksamhet återfinns inom Mellanöstern samt inom Azerbajdzjan där bolaget förfogar över större produktionsanläggningar. Kunderna består huvudsakligen av stora industriella aktörer runtom den globala marknaden.
2020-05-04 13:46:44
May 4, 2020

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Passing of Resolution at AAOG GM for Tilapia acquisition

Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE:ZEN); (TSXV:ZEE);
(OSE:ZENA-ME), the international oil & gas production company focused on African
development opportunities, confirms that the resolution put before shareholders
of AIM listed Anglo African Oil & Gas plc (“AAOG”) at a general meeting held
earlier today to approve the sale to Zenith of a 100 per cent interest in its
fully owned subsidiary in the Republic of the Congo, Anglo African Oil & Gas
Congo S.A.U ("AAOG Congo"), has been passed.

As announced on April 17, 2020, the Company entered into a conditional deed of
variation to vary the terms of a share purchase agreement with AAOG for the
acquisition of a 100 per cent interest in AAOG Congo and related intercompany
loans (the "Acquisition") for a revised total consideration of £200,000
("Consideration"). 

Pursuant to the terms of the amended share purchase agreement, completion will
take place within one business day of AAOG shareholder approval being obtained
at the general meeting held earlier today. 

A further announcement will follow in due course.


Further Information:

Zenith Energy Ltd	
Andrea Cattaneo, Chief Executive Officer	Tel: +1 (587) 315 9031
	E-mail: info@zenithenergy.ca

Novum Securities Limited - Broker	
Colin Rowbury	Tel: + 44 (0) 207 399 9400
 
 
 
Notes to Editors:
 
Zenith Energy Ltd. is an international oil and gas production company, listed on
the TSX Venture Exchange (TSXV:ZEE) and London Stock Exchange (LSE:ZEN). In
addition, the Company's common share capital was admitted to trading on the
Merkur Market of the Oslo Bors (ZENA:ME) on November 8, 2018. The Merkur Market
is a multilateral trading facility owned and operated by the Oslo Bors.
 
The Company was assigned a medium to long-term issuer credit rating of "B+ with
Positive Outlook" on October 9, 2019 by Arc Ratings, S.A. On November 18, 2019,
the Company was assigned a "B+" with Stable Outlook debt issuer credit rating by
Rating-Agentur Expert RA.