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Zenith Energy Completes £2.26M Private Placement to Fund Solar Expansion

Story Highlights
  • Zenith Energy raised £2,257,000 through a private placement in the UK and Norway.
  • Funds will support Zenith’s solar energy expansion and reduce reliance on equity financing.
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Zenith Energy Completes £2.26M Private Placement to Fund Solar Expansion

Confident Investing Starts Here:

Zenith Energy ( (GB:ZEN) ) has issued an announcement.

Zenith Energy Ltd. has successfully completed a private placement in the UK and Norway, raising approximately £2,257,000 through the issuance of 15,953,508 new common shares. The proceeds will fund the acquisition of near-term electricity production assets, aligning with Zenith’s strategy to build a 20 MWp solar energy portfolio by the end of 2025. This financing supports Zenith’s goal of reducing reliance on equity financing and enhancing shareholder value.

More about Zenith Energy

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

Average Trading Volume: 748,293

Technical Sentiment Signal: Buy

Current Market Cap: £47.71M

See more insights into ZEN stock on TipRanks’ Stock Analysis page.

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