Zenith Energy Ltd Passing of Resolution at AAOG GM for Tilapia (8423L)
May 04 2020 - 7:49AM
UK Regulatory
TIDMZEN
RNS Number : 8423L
Zenith Energy Ltd
04 May 2020
May 4, 2020
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")
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 GBP200,000
("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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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