Zion Oil & Gas Inc (ZNOG)

[tisdal]

Shareholders will exercise warrants to participate in Split.

Mid May Test results send the PPS upward.

End of May, successful Rights offering brings in $5 x 5,720,000 = $28,600,000.

June 30, 2018, Zion delivers development plan to Israel and announces that the stock (due to it having risen based on test results) shareholders of record on July 15 will participate in a 5:1 stock split on July 31.

Between July 1 and July 15, shareholders exercise their $3 warrants and all the warrants still not exercised to participate in the stock split.

$3 x 5,720,000 = $17,160,000 (plus all other outstanding warrants)

$28,600,000 + $17,160,000 = $45,760,000 + $$$ all other outstanding warrants $$$