Zion Oil & Gas Launches New Stock Unit Option
ZION OIL & GAS (ZN)
US:NASDAQ Investor Relations:
zionoil.com
Company Research
Source: PR Newswire
DALLAS and CAESAREA, Israel, May 22, 2017 /PRNewswire/ -- Zion Oil & Gas, Inc. (NASDAQ:ZN) announces its new Unit Option program under its Dividend Reinvestment and Common Stock Purchase Plan (DSPP). "In anticipation of finally spudding our long-awaited Megiddo-Jezreel #1 well, we are launching our new $250 Unit Option that enables potential investors to quickly and easily play a part in Zion's mission for Israel's energy independence," says Victor G. Carrillo, Zion's CEO. Starting today, May 22, 2017, and ending July 12, 2017 (unless extended at the company's sole discretion), Zion is offering this new Unit Option to purchase Units of our securities where each Unit (priced at $250.00) is comprised of: a) shares of ZN common stock determined by dividing $250 by the average of the high and low sale prices of the Company's common stock on the Unit Purchase Date, and b) 25 common stock purchase warrants. Each warrant (symbol "ZNWAF") affords participants the oppo
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