Zenith Energy Ltd Successfully Makes Private Placement On The Merkur Market

  • Oct 21, 2019 BST
  • Team Kalkine
  • Zenith Energy Ltd (ZEN) has announced a Private Placement on the Merkur Market of the Oslo Stock Exchange.
  • The company in order to subscribe 17,522,857 common shares of no-par value in the capital successfully raised gross proceeds of NOK 6,133,000 (around £518,000).
  • The placement which was priced at NOK 0.35 per New Common Share attracted strong interest and support from Norwegian investors.
  • On 21st October 2019, at the time of writing, GMT 11:41 AM, ZEN shares were trading at GBX 3.20, down by 0.30 points or 8.57 per cent against the previous day closing price.

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