Zenith Energy Secures £2.31 Million in UK and Norway Placements

An update from Zenith Energy ( (GB:ZEN) ) is now available.

Zenith Energy Ltd. has successfully completed private placements in the UK and Norway, raising approximately £2.31 million through the issuance of 48,538,042 new common shares. The funds will be used to support international arbitration efforts against the Republic of Tunisia and ETAP, as well as for general working capital. The participation of key directors in the placements highlights their confidence in the company’s strategic objectives. The announcement underscores Zenith’s emphasis on minimizing dilution and maximizing value for shareholders as it seeks compensation for damages caused by Tunisian authorities.

More about Zenith Energy

Zenith Energy Ltd. is an independent energy company engaged in energy production, exploration, and development across North Africa, the US, and Europe. The company focuses on developing proven revenue-generating energy production assets and engaging in low-risk exploration activities. It is listed on the London Stock Exchange Main Market, Euronext Growth of the Oslo Stock Exchange, and the Pink Markets of the OTC.

YTD Price Performance: 29.47%

Average Trading Volume: 1,428,575

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £12.39M

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