AC sa jo i intervju at han ikke var spesielt interessert i forlik, men om Tunisiske myndigheter kommer med et godt tilbud ville han så klart vurdere det. Han sa rett ut at Zenith ikke ville starte noe prosess med forlik. Det måtte evt komme fra Tunisia

Det er jo klart at det er AC som bestemmer om og når han vil gå for et forlik. Tror hovedmotivasjonen for emisjonen er grådighet og belønning av den indre krets, men det er selvsagt et sterkt signal å sende til motparten. Nå viser de at de er har muskler til å stå løpet ut. Det er nok ikke riktig at det koster enorme summer å ta beslag i eiendeler når en allerde har en positiv rettskjennelse. Det som koster er selvsagt å kjøre disse tunge arbitration sakene. Tror fortsatt på et forlik innen avslutningen av sak nr 2, dvs innen slutten av feb.

Dersom han veit utfallet, ja.

Men det veit jo ikkje vi noko om...

Tunisiske myndigheter som kommer med forslag isåfall. Nå er jo ingenting meldt så ligger nok ikke forslag på bordet P.d.d..

Det er korrekt, ingen forhandlinger selvsagt om dette ennå. Kun spekulasjoner på forumet om dette. Snitt på handelen idag er 0,91

Noe som undrer meg!
AC er en del av de som faktisk styrer om det blir forlik eller ikke, ikke sant?
Er det da lovlig å foreta innsidekjøp, slik som idag, hvis forlik er nært forestående??

Bunnen er satt på 0,68 med emisjonen, tja kanskje det. 0,74 lavest idag så ikke umulig. Stort trading intervall mellom 0,75 - 1,04 i dag i hvert fall

Agreed, we are now fully funded, the market has brought up any drop today and I suspect everyone is holding now for the next year for the next two arbitrations. Bottom has been reached and the price should just keep rising from here.

En får jo bare gratulerer AC og vennen hans som i helgen fikk sikret seg noen millioner nye aksjer billig.
Vi andre får kjøpe nå mens kursen enda er under kr 1 om en skal være posisjonert for det som er forestående.

Ikke noe crazy her, dette er tidenes case, meldingen gir mye oppmerksomhet og det er utelukkende positivt, nå er det bare å holde på det man har fremover. Bunn er satt og meget stort potensialet for ekstrem vinst her.

Er jo bare starten dette. Greit med litt trading, men her gjelder det å være inne med en god slant når nyheter kommer. Forlik kan komme, men virker som de vil kjøre hardt mot myndigheten for alle lovbrudd.

I have been invested in Zenith for a long time and in my opinion, this is easily the cleverest fundraising that Zenith have ever done, and it is not even close. Whereas in the past they have been raising money in order to cover the basic operational needs of the company or to make the first payment on speculative future acquisitions, this time the money raised is being used incredibly strategically and with a view to achieve maximum value to shareholders.

The important thing to remember is that the enforcement of the arbitration costs money and often small companies like Zenith have to go to external entities to fund the enforcement process on any significant arbitration award. This does not come for free. From memory it is a minimum of 25%-30% of the total award and can often be up to 50% or 60% of it in a bad deal.

Even if we look at the minimum cost of 25% of the award being shared then the fees that would be paid on $639 million would be $160 million. If we were to look at the maximum of 60% then the fees that would be paid would be $383 million.

Instead of going this route, Zenith have chosen to raise $2.8 million at a relatively small 13% dilution to existing shareholders and therefore keep the whole of the award on the table as recoverable by shareholders.

As has already been pointed out on here the pattern of how the enforcement will work is obvious. The company will use the $2.8 million to cover the costs of the next arbitration and to enforce the payment of the first arbitration.

Once the payment of the first arbitration comes in then they $9.7 million will be used to enforce the second arbitration of $130 million (assuming of course that this arbitration is successful) and then some of the funds from the second arbitration will be used to cover the cost of enforcing the third arbitration (again caveated on success).

The logic is obvious. The company has raised money now at a 13% dilution in order to be fully-funded for the costs and the enforcement of the rest of the arbitration process and, in the event of success in both arbitrations, this will put hundreds of millions more dollars into company (and shareholder) hands than would be the case if they went to external financing.

The other very very exciting point of this whole raising is that a single UK institution has taken an investment of $1 million into the placement. These people are not stupid and they do not pump this kind of money into a small-cap oil stock unless they are confident of very significant returns – which means that they are very confident of success in the next two arbitrations.

This is the beginning of a huge re-rating for Zenith and I expect today to mark the beginning of a huge climb in the company share-price over the upcoming months leading to the second arbitration. The Tunisians are going to know that Zenith are fully funded too and if the rumours of them making various settlement offers are true I expect that this may concentrate their minds to offer a single payment to settle the whole affair before the next arbitrations are heard. The only question is how much of a discount would AC be willing to take for a lump-sum payout. For me I think $320 million (50%) would be acceptable,

the market saw it as a buy opportunity on a small dip and they lapped up all the stocks which caused an even bigger rebound. The arbitrations are basically a given so investors want to cement their positions for the next year.

Høydeskrekk fikk jeg etter 15 min og 25 % er jo helt crazy dette.

Måske du skulle have ventet med at sælge nu er kursen 1kr

What a huge dilution! Can somebody explain, why is the course going up on this news!?

Gulltrade: Inn 0,75, ut 0,98

Edit: Not so good anymore:)

Jepp, da fikk jeg kjøpt meg inn igjen på 0,75 helt nydelig

Suser opp igjen no. Kan fort ende i grønt når truseskvetterne e ferdig.

Hadde ikke sitert forumets aller største troll!
Burde vært fra tatt hele tastaturet. Kan våge seg inn i eam tråden og beklage til alle han har forsøkt å lure..
Denne meldingen var ikke et sjokk og der kommer nok en forklaring.
Fair play med rykte i sidespeilet? Kanskje ikke

Her er det bare å finne roen. Kjøpsmulighet for de som står utenfor. Var vel egentlig ett hint om att dette går veien..

AC tok jo bra 5% av denne. Da blir også han utvannet

This morning's announcement from Zenith Energy is a big deal and highlights how focused the company is on funding its arbitration efforts. The standout line for me is:
"The proceeds of the Placements will be used to fund the Company's publicly announced international arbitrations against the Republic of Tunisia and ETAP, with specific attention being deployed towards enforcement of the recent ICC-1 Arbitration award."
What this means is that the money raised is specifically going toward enforcing the first arbitration to collect the $10 million they’ve already been awarded. Once that’s done, the money from that enforcement can fund the second arbitration, and so on. It’s like a domino effect: this initial funding ensures they’re fully covered for all arbitration requirements without needing to raise more money in the future.
Another interesting point is that the UK financing was entirely taken up by a single institution, which invested £800k in one go. That’s a huge vote of confidence in Zenith’s future. It shows that this institution believes in what Zenith is doing and where they’re headed.
Overall, this looks like a smart, well-thought-out move. With the funding secured and a clear plan in place, Zenith seems well-positioned to push forward and make serious progress on these arbitrations. It’s a strong step toward turning legal wins into real financial results and sending the share price up with it.

Med 100 mill «på vei» og et potensielt forlik like rundt hjørnet (om ønsket), måtte AC berike seg selv og sine venner en siste gang. Den mannen eier ikke skam. De kunne lånt penger med pant i erstatningen på 9.7 mill dollar.

Sikre seg en større del av kaka før forlik, tenker jeg----Grådige faen!

Kan vel tyde på at et forlik ikke er innen rekkevidde - eller så er det bare for å sikre seg større del av kaka.

Jeg derisket litt i Zena med gevinstsikring på fredag.
Flyttet en del av gevinsten over i Lokotech (Loko) som har like stort kortsiktige (januar) potensiale som Zena.

Ja dette var unødvendig utvanning men AC kunne ikke dy seg.

Veldig positivt! Dette setter gulv i aksjen og dermed er det kun oppside. Tar også vekk enhver tvil om finansiering før store utbetalinger kommer. Veldig bra.

Lenge leve grådigheten, hvor mange av oss tålmodige har fått anledning til å være med i denne private kapitalinnhentingen da. Men AC har vist fått anledning denne gangen også

Men denne nyheten vil vel hemme en enorm oppgang i dag? Det er vel sansynnig at kursen i det kortet bildet, i hvert fall i dag, kan gå bittelitt ned?

Private Placement in UK and Norway

January 13, 2025

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Private Placement in UK and Norway

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; PINK MARKET: ZENAF), the listed international energy production and development company, is pleased to announce that it has completed a private placement with an institution in the United Kingdom (the "UK Financing"), a private placement in Norway with institutional investors (the "Norwegian Financing”). The Company has also issued broker shares (the "Broker Shares") (collectively, the "Financings").

The Financings have included the participation of new and existing investors, as well three Directors, Mr. Andrea Cattaneo, Mr. Luca Benedetto and Mr. Sergey Borovskiy, respectively the Chief Executive Officer, Chief Financial Officer and a Non-Executive Director of the Company, to raise an aggregate total amount of approximately £2,310,800 (equivalent to approx. NOK 32,611,560 ), resulting in the issuance of a total of 48,538,042 new common shares (“New Common Shares”).

Norwegian Financing

Zenith has issued a total of 31,063,339 common shares of no-par value in the capital of the Company in connection with the Norwegian Financing (the "Norwegian Financing Common Shares") to raise gross proceeds of NOK 21,322,000 (approximately £1,511,000).

An application for the Norwegian Financing Common Shares to be listed on the Equity Shares (Transition) category of the Official List and to trading on the London Stock Exchange's main market for listed securities (the "Norwegian Financing Admission") will be made within 12 months of the issue of the Norwegian Financing Common Shares.
Issue of Common Shares in respect of Director Loans

As detailed in the interim Financial Statements for the six months ended 30 September 2024, Mr. Andrea Cattaneo and Mr. Luca Benedetto, both Executive Directors of the Company, each made loans to Zenith in the amount of £400,000 during the month of April 2024 (the "Loan Amounts").

Luca Benedetto has assigned his Loan Amount to Andrea Cattaneo pursuant to a novation agreement dated 12 January 2025.

The Loan Amounts have been satisfied in full by way of an allotment of 16,326,531 new common shares to Mr. Andrea Cattaneo in the capital of the Company ("Debt Settlement Shares").
Application will be made for the Debt Settlement Shares to be listed on the Equity Shares (Transition) category of the Official List the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities which is anticipated to occur on or around 28 January 2025 pursuant to the relevant exemption under the Financial Conduct Authority’s Prospectus Regulation Rules.


UK Financing

A UK institution has agreed to acquire 16,326,531 common shares of no-par value in the capital of the Company at a price of £0.049 for gross proceeds of £800,000 (approximately 11,289,680 NOK) (the "UK Financing Common Shares").
It is expected that the UK Financing Admission will become effective and that unconditional dealings in the UK Financing Common Shares will commence on or around 8.00 a.m. (GMT) on or around January 28, 2025.
As the Company does not presently have sufficient headroom to enable the admission of such shares which are required to be issued without the production of a FCA approved prospectus, the Company is proposing that Mr. Andrea Cattaneo loan the relevant number of Common Shares to the Company by way of a share loan agreement to facilitate the UK Financing by the Company ("Share Loan Agreement").

The Share Loan Agreement, which is conditional on the Debt Settlement Shares being admitted, involves no consideration being paid or security granted to Mr. Andrea Cattaneo or any similar chargeable fee.
This UK Financing is subject to (i) the issue of the Debt Settlement Shares to the directors and (ii) the admission of the Debt Settlement Shares to the Equity Shares (Transition) category of the Official List to be admitted for trading on the London Stock Exchange Main Market for listed securities.

Related Party Transaction

As Mr. Andrea Cattaneo is the Chief Executive Officer of the Company, the Share Loan Agreement is a material related party transaction under the Disclosure Transparency & Guidance Rules. The independent Directors of the Company, for the purpose of this arrangement, have approved the arrangement as being fair and reasonable from the perspective of the Company and its shareholders.

Issue Price

The Norwegian Financing was completed at a price of NOK 0.6864 per New Norwegian Financing Common Share, representing a 23% discount in respect of the closing price of the Company's equity securities on the Euronext Growth Oslo on January 10, 2025.

The UK Financing was completed at a price of £0.049 per UK Financing Common Share, representing a 20% discount in respect of the closing price of the Company’s equity securities admitted to trading on the London Stock Exchange on January 10, 2025.

Use of Proceeds

The proceeds of the Placements will be used to fund the Company’s publicly announced international arbitrations against the Republic of Tunisia and ETAP, with specific attention being deployed towards enforcement of the recent ICC-1 Arbitration award, as well as for general working capital purposes.



Broker Shares

The Company has allotted 1,148,172 new common shares ("Broker Shares") to OAK Securities in London (www.oak-securities.com) in lieu of cash settlement for services provided to Zenith in connection with the Financings for a total value of 788,105 NOK (equivalent to approx. £55,850).

The Broker Shares will rank pari passu in all respects with the existing common shares of the Company.
An application for the Broker Shares to be listed on the standard segment of the FCA Official List and to be admitted for trading on the London Stock Exchange Main Market for listed securities will be made within 12 months of the issue of the Broker Shares.

Director Dealing/ PDMR Shareholding

Mr. Andrea Cattaneo, Chief Executive Officer & President of Zenith, has participated in the Norwegian Financing by subscribing for 1,713,299 Norwegian Financing Common Shares of no-par value in the capital of the Company.
Upon Admission, Mr. Cattaneo will be directly beneficially interested in a total of 44,262,047 common shares in the capital of the Company, representing 10.66% percent of the total issued and outstanding common share capital of the Company admitted to trading on the Euronext Growth Oslo.

Mr. Luca Benedetto, Chief Financial Officer of Zenith, participated in the Norwegian Financing by subscribing for 856,649 Norwegian Financing Common Shares of no-par value in the capital of the Company.
Upon Admission, Mr. Benedetto will be directly beneficially interested in a total of 11,913,355 common shares in the capital of the Company, representing 2.87% percent of the total issued and outstanding common share capital of the Company.

Mr. Sergey Borovskiy, a Non-Executive Director of Zenith, has participated in the Norwegian Financing by subscribing for 2,188,691 Norwegian Financing Common Shares of no-par value in the capital of the Company.
Upon Admission, Mr. Borovskiy will be directly beneficially interested in a total of 5,404,778 common shares in the capital of the Company, representing 1.30% percent of the total issued and outstanding common share capital of the Company.

Total Voting Rights

The Company wishes to announce, in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and section 3.10 and 3.11.5 (3) of the Euronext Growth Oslo Rule Book Part II, the following information resulting from Admission of the Debt Settlement Shares, the Norwegian Financing Common Shares, and the Broker Shares.

Class of share
Total number of shares
Number of voting rights per share
Total number of voting rights per class of share

Common Shares admitted to trading on the Main Market of the London Stock Exchange on Admission. 249,187,217 1 249,187,217
Common Shares in issue and admitted to trading on the Euronext Growth Market of the Oslo Børs, representing the newly enlarged total outstanding share capital of the Company.
415,083,443 1 415,083,443

Andrea Cattaneo, Chief Executive Officer, commented:

“We are delighted to have secured institutional investment in Zenith at a very significant juncture in our development as we work towards enforcing the ICC-1 arbitration award and preparing for the ICC-2 arbitration, with the final court hearing scheduled to take place next month.

We are conscious of the importance to avoid unnecessary dilution and deliver the greatest possible value to shareholders at a potentially favourable time for the Company in its efforts to obtain compensation for damages caused by the Tunisian authorities.

The participation in the placement by three Directors, including myself, is evidence of our unwavering confidence in the Company and its objectives.”


Further Information:
Zenith Energy Ltd

Andrea Cattaneo, Chief Executive Officer
Tel: +1 (587) 315 1279
E: info@zenithenergy.ca

OAK Securities
Jerry Keen/Henry Clarke
+44 203 973 3678
info@oak-securities.com

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and the Pink Markets of the OTC (OTC PINK: ZENAF).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca
Twitter: @zenithenergyltd
LinkedIn: http

https://www.investegate.co.uk/announcement/rns/zenith-energy-ltd-com-shs-npv-di---zen/private-placement-in-uk-and-norway/8684497

En svært liten emisjon på £2,3 millioner, markedet vil plukke opp enhver svakhet i dag. Jeg har også penger klare til å kjøpe flere aksjer dersom vi når 0,8.

Disse £2,3 millioner vil fullt ut finansiere oss for voldgiftsprosessen, så det blir ingen ytterligere kapitalinnhenting før vår utbetaling på $650 millioner!

Emittert på 68 øre…

👍👍

Europas råeste arbitrasje case!!!

Vi takker ja til et forlik +/- 3 milliarder inkludert evt. lisenser. Det er et ok beløp/totalpakke som begge parter kan «leve med».

«oppsiden over 800% om de skulle bli forlikt med den Tunisiske stat og enda høyere ved full tilkjennelse på 7 milliarder»
https://investornytt.no/zenith-energy-europas-raeste-arbitrasje-case/

Kurs 3-5 ved et forlik som dekker de neste to sakene. Så kan det rent teoretisk hende at Tunisia tilbyr en pakkeløsning som er verdt like mye som hele deres krav, hvor mesteparten av beløpet er lisenser og skattekreditter. Som kjent smerter dette mye mindre enn en ren kontantutbetaling. Synes dog det blir feil å anta at et forlik blir like stort som kravet, som regel møtes jo partene et eller annet sted mellom 0 og de fremsatte kravene.

Enig!
Ser du redigerte og ble litt mer offensiv. Enig med opp til 5kr ved et forlik.

5,45kr ca med dagens antall aksjer

Enig.

Vi kan jo håpe på at 2 milliarder bare er cash, resten er lisenser og eventuelt skattekreditter. Så kjepphøy som AC har virket, tror jeg definitivt ikke han er fornøyd med en totalpakke på 2 milliarder kroner.

Jeg forvente minst 4 kr pr aksje om vi blir tilkjent ca 2 mrd.

Hva tilsvarer 2 mrd i kurs? 3 kroner ? Det er jo litt udefinerbart antall aksjer

1 milliard ville jo vært et enormt nederlag. Ryktene sier jo at Zenith har avvist et tilbud på ca 2 milliarder. Kravet er på ca 7 milliarder, får de halvparten i et forlik er vel begge parter sånn rimelig fornøyd vil jeg tro. Jeg tror kursen trenger støtte når den passerer 1 krone, og det kan zenith fikse i børsmeldingen hvor de opplyser om tidsskjemaet for sak 3. Hvis de opplyser om at de er i samtaler med motparten, tipper jeg kursen går til 1.50 direkt. Ved et forlik vil jo selvsagt innholdet i forliket legge grunnlag for kursutviklingen, og et foreslått utbytte vil selvsagt hjelpe. Tror heller ikke på 19 kroner, men 3-5 kroner burde være realistisk.

Du mener at ved et forlik, så går den direkte opp, og forbi 2 kr?

Kan bli en fantastisk uke i Europas råeste arbitrasje case!
Blir ikke overrasket om kursen er mellom kr 1.20 eller mer (uten nyheter) innen 20.01.

https://investornytt.no/zenith-energy-europas-raeste-arbitrasje-case/

ser vi 1 krone i denne uka, 1,20 før 20 januar

Ikke sikkert det blir noe mulighet for å selge på 2kr. Kommer meldingen om forlik så tilsvarer det over 1 milliard kroner. Der er nok mange med denne filosofien som allerede er hoppet av. Tynnslitt tillit hos slitne aksjonærer. Engasjementet for uken er stort!