TIDMZEN

RNS Number : 2918R

Zenith Energy Ltd

25 October 2023

October 25, 2023

ZENITH ENERGY LTD.

("Zenith" or the "Company")

Commencement of Trading on OTCQB Venture Market

Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, is pleased to announce that the Company's common shares of no par value ("Common Shares") will commence dealing on the OTCQB Venture Market cross-trading facility in the United States (the "OTCQB") with effect from today. The OTCQB ticker for the Common Shares is "ZENAF".

The OTCQB is designed to allow developing international companies to be publicly traded in the United States. The Company believes that having its Common Shares traded on the OTCQB is a cost-effective solution which will provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors. A market maker will be appointed in the US to support the trading on the OTCQB.

The OTCQB is recognised as an "Established Public Market" by the U.S. Securities and Exchange Commission (the "SEC"). The OTCQB is a leading market for US and international companies in the entrepreneurial and development stage. Trading on the OTCQB will have no impact on the trading of Zenith's Common Shares on the London Stock Exchange Main Market (LSE: ZEN) and the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and no new Common Shares will be issued as part of the cross-trading facility.

Zenith will continue to rely on the announcements and disclosures it makes to the London Stock Exchange and will have no Sarbanes-Oxley or SEC reporting requirements.

Andrea Cattaneo, Chief Executive Officer, commented:

"We are very pleased to now have our Common Shares listed for trading on the OTCQB, giving Zenith the ability, for the first time, to access the US capital markets, representing approximately 40% of the world's total stock market capitalisation, and enabling exposure to both private and institutional investors who would otherwise be unwilling to invest in overseas markets where the Company is presently listed.

This broadening of our investor base is of particular significance as we carry forward our development strategy targeting revenue generating oil and gas production and development assets.

We look forward to delivering news on our progress in due course on various fronts ."

 
Zenith Energy Ltd 
                                       Tel: +1 (587) 315 1279 
 Andrea Cattaneo, Chief Executive      E: info@zenithenergy.ca 
 Officer 
Allenby Capital Limited - Financial  Tel: + 44 (0) 203 328 5656 
 Adviser 
 
 Nick Harriss 
 
 Daniel Dearden-Williams

Notes to Editors :

Zenith Energy Ltd. is a revenue generating, independent energy company with production, exploration and development assets in North Africa and Europe, including electricity generation in Italy. 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 Venture Market of the OTCQB (OTCQB: 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:   https://bit.ly/3A5PRJb

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END

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October 25, 2023 09:30 ET (13:30 GMT)

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