Zenith Energy Ltd (ZENAF)

[ANTI-BAGHOLDER]

Nice news out on CYAP:

Andrea Cattaneo, Chief Executive Officer, commented:
"We are pleased that CYAP has now completed its first acquisition in the US oil and gas space. The acquisition of a non-operated oil and gas production royalty delivers immediate monthly cashflow and will enable an attractive payback of the initial investment.
It our intention that CYAP's first acquisition be followed by various other similar acquisitions in an incremental manner, following geological, financial, and legal due diligence, to achieve 'critical mass' and build a balanced, revenue generating and profitable portfolio.
We believe CYAP will attract financial support from US capital markets as the benefits of implementing an accretive growth strategy centred on purchasing interests in non- operated oil and gas production leases, during a period of favourable energy prices, becomes increasingly apparent."

[Squirrely_McShitty]

What's happening here? No trades and huge spread?

[Squirrely_McShitty]

Opened a position in $CYAP. Spread on $ZENAF is too wide. Needs to settle for a bit.

[Squirrely_McShitty]

Right you are. Thanks for reply.

[ANTI-BAGHOLDER]

Zenith bought CYAP and now owns it.

[Squirrely_McShitty]

Thanks for posting and drawing attention to these docs. Weekend reading.

[Squirrely_McShitty]

So $CYAP is completely under $ZENAF? $CYAP has been trading for longer ... not that this matters, I guess.

[ANTI-BAGHOLDER]

ZENAF news https://polaris.brighterir.com/public/zenith_energy/news/rns/story/w9moqpx

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".

[ANTI-BAGHOLDER]

Zenith Energy LTD “parent company” has $200+ million in audited assets per its March 2023 Prospectus.

https://wp-zenith-2020.s3.eu-west-2.amazonaws.com/media/2023/03/315-033-Base-Prospectus-2023-approved-1.pdf

Zenith Energy: CYAP news:

https://www.otcmarkets.com/stock/CYAP/news/story?e&id=2637962

We are pleased that Zenith Energy has acquired a majority stake in CYAP, in line with its development strategy, to have a stable presence in USA, the largest capital market inf the world. We look forward to reporting to stockholders and the investment community on our development plan for CYAP before the end of October 2023

[ANTI-BAGHOLDER]

ZENAF dropping filings now. Should be trading in the next couple days. Also, mention of CYAP

https://www.otcmarkets.com/stock/ZENAF/disclosure

[ANTI-BAGHOLDER]

Interesting... ZENAF new ticker on Monday https://otce.finra.org/otce/dailyList
This company owns 100% of CYAP.