Key Developments: Zion Oil and Gas Inc (ZN.W)


ZN.W on CBOE When Trading NASDAQ Global Select Market

2.59USD
18 Jun 2013
Price Change (% chg)

$0.47 (+22.17%)
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Latest Key Developments (Source: Significant Developments)

Zion Oil and Gas Inc Names New Interim Chief Executive Officer
Thursday, 25 Oct 2012 07:00am EDT 

Zion Oil and Gas Inc announced that effective October 18, 2012, Board of Directors unanimously appointed Mr. John Brown, Zion's Executive Board Chairman, as Interim Chief Executive Officer, replacing Richard J. Rinberg who resigned from Zion on the same day by mutual and amicable agreement. Mr. Brown will also maintain his current responsibilities as Executive Board Chairman until a permanent Chief Executive Officer has been selected.  Full Article

Zion Oil & Gas, Inc. Announces Appointment Of President
Tuesday, 18 Oct 2011 04:40pm EDT 

Zion Oil & Gas, Inc. announced that Mr. Victor G. Carrillo has been appointed as President and Chief Operating Officer of the Company, replacing Mr. William L. Ottaviani who, by mutual agreement with the Company, left to pursue other opportunities on October 14, 2011. Mr. Ottaviani resigned from the Company's Board of Directors, as provided for in his employment agreement with the Company.  Full Article

Zion Oil & Gas, Inc. Announces Final Results of Completed Rights Offering
Friday, 29 Jul 2011 09:02am EDT 

Zion Oil & Gas, Inc. announced the final results of the Company's recent rights offering that was completed on July 25, 2011. In total, subscriptions for approximately 4.9 million units, for gross proceeds of approximately $24.5 million, were received (including over-subscriptions). All shareholders that requested over-subscription shares will be awarded their full over-subscription request. In the rights offering, as described in the prospectus and registration statement filed in connection therewith, shareholders of record as of the close of business on June 15, 2011 received non-transferable subscription rights to purchase Units of Zion's securities. Each shareholder of record as of the close of business on June 15, 2011, received .25 of a subscription right for each share of common stock owned as of the close of business on June 15, 2011, equivalent to one subscription right for every four shares of common stock owned on that date. Each whole subscription right entitled the holder to purchase one Unit of Zion's securities at a purchase price of $5.00 per Unit. Each Unit consisted of one share of Zion's common stock and warrants to purchase two additional shares of Zion's common stock at an exercise price of $3.50 per share.  Full Article

Zion Oil & Gas, Inc. Completes Rights Offering
Tuesday, 26 Jul 2011 08:04am EDT 

Zion Oil & Gas, Inc. announced that on July 25, 2011 it completed its previously announced rights offering. The preliminary outcome of the rights offering, as of the close of business on July 25, 2011, indicates that subscriptions for approximately 3.64 million units, for gross proceeds of approximately $18.2 million, have been received (including over-subscriptions). All shareholders that requested over-subscription shares will be awarded their full over-subscription request. In the rights offering, described in the prospectus contained in the registration statement, shareholders of record as of June 15, 2011 received non-transferable subscription rights to purchase Units of Zion's securities. Each shareholder of record on June 15, 2011, received .25 of a subscription right for each share of common stock owned on June 15, 2011, equivalent to one subscription right for every four shares of common stock owned on that date.  Full Article

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