NEW UNIT PROGRAM
Starting Monday, October 16, 2017, and ending December 6, 2017, Zion is offering this new Unit Program to purchase Units of our securities where each Unit (priced at $250.00) is comprised of:
- 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
- 15 common stock purchase warrants. Each warrant (symbol “ZNWAG”) affords participants the opportunity to purchase one share of ZN common stock at a warrant exercise price of $1.00.
The warrants will become exercisable beginning January 8, 2018, the 31st day following the Unit Program termination date, and continue to be exercisable through January 8, 2021 (three years) at a per share exercise price of $1.00.
If the Company’s Common Stock closing price trades above $5.00 per share for 15 consecutive trading days at any time prior to the warrant expiration date, Zion may provide a notice to warrant holders of an early warrant termination within 60 days of the notice.
WHY INVEST IN THE DIRECT STOCK PURCHASE PLAN?
The Direct Stock Purchase Plan (DSPP) provides Zion Oil & Gas with the financial means to be able to explore for oil and gas in Israel. Purchasing stock through this plan allows you to share in the success of Zion Oil & Gas.
The DSPP is intended to be a convenient and simple way for you to purchase Zion stock directly from the company, allowing you to build your long-term investment over time while avoiding those dreadful brokerage fees. The Plan is not intended to provide shareholders short-term profits through rapid turnover of shares acquired at a discount.
The minimum investment is $250.00. Once you have your account set up with our Plan Agent, The American Stock Transfer & Trust Company, you may invest as little as $50.00 at a time. There is also an option for automatic monthly withdrawal directly from your bank account.