Calgary, AB / TheNewswire / November 29, 2017 - Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; TSX.V: ZEE) the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to announce the granting of 2,000,000 stock options (the "Options"), in accordance with the Company's Stock Option Plan (the "Plan"), to operational managers of the Company in Azerbaijan, and a Zenith financial adviser. 

The Plan was approved by shareholders at the Company's last AGM, held on January 20, 2017. 

The Options will have as exercise price the Company's TSXV closing price of yesterday, November 28, 2017, CAD$0.175 (approximately GBP0.1025). The Options are fully vested and have the duration of five years from the date of granting. 

The transaction is subject to regulatory approval from the TSX Venture Exchange. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information please contact:

Zenith Energy Ltd.  

Andrea Cattaneo

Chief Executive Officer 

Email: info@zenithenergy.ca

Telephone:  +1 (587) 315 9031

Telefax:       +1 (403) 775 4474

 

Optiva Securities - (Joint Broker)

Christian Dennis

Telephone: + 44 (0) 203 137 1903

 

Beaufort Securities Limited - (Joint Broker)

Jon Belliss

Telephone: +44 207 382 8300

 

Allenby Capital Limited - (Financial Adviser)

Nick Harriss

Nick Athanas

Telephone:   + 44 (0) 203 328 5656

 

Yellow Jersey (Financial PR/IR)

Tim Thompson

Telephone: +44 (0) 203 735 8825