Zenith Energy raises NOK 27.5 million in Norway private placement at NOK 0.55/share

Reuters2026/07/21 06:45

By:Reuters

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Zenith Energy completed a private placement with institutional investors in Norway, raising about GBP 2.12 million through 50,000,000 new common shares.
Subscription price NOK 0.55 per share, a 0.36% discount to the July 20, 2026 close on Euronext Growth Oslo.
Issued 50,000,000 share purchase warrants on a one-for-one basis; exercise price NOK 0.68; two-year term.
Proceeds earmarked for a new biogas project, arbitration-related legal costs, solar development, and general working capital.
Post-admission share count set to 764,756,457 common shares, each carrying one vote.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zenith Energy Ltd. published the original content used to generate this news brief via Cision (Ref. ID: 20260721:BIT:0566:0) on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Zenith Energy raises NOK 27.5 million in Norway private placement at NOK 0.55/share

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