ZENITH ENERGY LTD. ("ZEE")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: February 24, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced January 16, 2015 and closed on February 18, 2015:
Number of Securities: 4,486,847 commons share units ("Units")
Each Unit consists of one common share and one common share purchase warrant
Purchase Price: $0.15 per Unit
Warrants: 4,486,847 share purchase warrants to purchase 4,486,847 shares
Warrant Exercise Price: $0.25 for up to 36 months from date of issuance
Number of Placees: 5 placees
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Units
AS Tonsenhagen Y 666,666
Finder's Fee: $30,660 cash and 204,400 warrants ("Finder Warrants") payable to Optiva Securities Ltd.
Each Finder Warrant entitles the holder to acquire one common share at an exercise price of $0.25 for up to 36 months from issuance.
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