November 29, 2017
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this announcement via a regulatory information service ("RIS"), the inside information contained in this document is now considered to be in the public domain.
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Granting of Stock Options to Operational Managers & Advisers
Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE) the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce the granting of 2,000,000 stock options (the "Options"), in accordance with the Company's Stock Option Plan (the "Plan"), to operational managers of the Company in Azerbaijan, and a Zenith financial adviser.
The Plan was approved by shareholders at the Company's last AGM, held on January 20, 2017.
The Options will have as exercise price the Company's TSXV closing price of yesterday, November 28, 2017, CAD$0.175 (approximately £0.1025). The Options are fully vested and have the duration of five years from the date of granting.
The transaction is subject to regulatory approval from the TSX Venture Exchange.
For further information please contact:
Zenith Energy Ltd.
Andrea Cattaneo
Chief Executive Officer
Email: [email protected]
Telephone: +1 (587) 315 9031
Telefax: +1 (403) 775 4474
Optiva Securities - (Joint Broker)
Christian Dennis
Telephone: + 44 (0) 203 137 1903
Beaufort Securities Limited - (Joint Broker)
Jon Belliss
Telephone: +44 207 382 8300
Allenby Capital Limited - (Financial Adviser)
Nick Harriss
Nick Athanas
Telephone: + 44 (0) 203 328 5656
Yellow Jersey (Financial PR/IR)
Tim Thompson
Telephone: +44 (0) 203 735 8825
