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Zenith Energy ( (GB:ZEN) ) just unveiled an announcement.
Zenith Energy Ltd. has successfully completed a private placement in Norway, raising approximately £1,543,000 through the issuance of 21,159,600 new common shares. The funds will support the acquisition of electricity production assets, particularly in the renewable energy sector, enhancing Zenith’s portfolio and long-term revenue potential. The new shares will be listed on the London Stock Exchange within 12 months, and the placement was executed at a 19.35% discount to the closing price on Euronext Growth Oslo. This strategic move aims to solidify Zenith’s financial foundation and expand its renewable energy footprint.
More about Zenith Energy
Zenith Energy Ltd. is an independent energy company with operations in North Africa, the US, and Europe. It focuses on energy production, exploration, and development, with a strategic emphasis on developing revenue-generating assets and low-risk exploration. The company is listed on the London Stock Exchange, Euronext Growth of the Oslo Stock Exchange, and the Pink Markets of the OTC.
YTD Price Performance: 89.47%
Average Trading Volume: 2,885,083
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.18M
For an in-depth examination of ZEN stock, go to TipRanks’ Stock Analysis page.