NOTE: The 2018 Rights Offering ended on May 31, 2018. ZNWAI Warrants that were issued as a part of this Rights Offering will be exercisable from June 29, 2818 until June 30, 2019. If you are a registered shareholder, click HERE to exercise your ZNWAI Warrants online. If you are a beneficial shareholder, you must exercise their ZNWAI Warrants through your brokerage.x
UNDERSTANDING ZION’S 2018 RIGHTS OFFERING
EXERCISE OF ONE RIGHT COSTS FIVE U.S. DOLLARS AND WILL GIVE YOU ONE SHARE OF COMMON STOCK AND ONE $3.00 WARRANT
FREQUENTLY ASKED QUESTIONS:
MAY I PURCHASE MORE?
Yes, you may purchase as many Rights as you want if not all shareholders buy their rights by the end of the offering. This is called “over-subscription.”
Note: You must include this purchase up front.
If there are not enough Rights available to satisfy all of the properly exercised oversubscription rights requests, then the available Rights will be prorated among those who properly exercised oversubscription rights based on the number of Rights each rights holder subscribed for under the basic subscription right. We will return any excess payments without interest or deduction promptly after the expiration of the subscription period.
The Rights Offering expires at 5:00pm Eastern Standard Time, on May 31, 2018. AST, the Subscription Agent, must receive your Rights Exercise Certificate before that date and time.
HOW MAY I PARTICIPATE?
For registered shareholders, participate by regular mail only via enclosed return envelope sent to American Stock Transfer & Trust Company, LLC. (AST Financial). If you are a beneficial shareholder (purchased through a broker), return by mail or electronically to your broker.
HOW DO I PAY?
Check or bank draft payable to “American Stock Transfer & Trust Company, LLC as Subscription Agent” OR via wire (see boxes on back of your Subscription Rights Certificate).
WHEN MAY I EXERCISE THE WARRANTS?
The WARRANTS will be exercisable from June 29, 2018 through June 30th, 2019 (one year) and expire July 1, 2019.
Beneficial shareholders (shares and warrants held by a brokerage) will also need to exercise Warrants through the Zion Oil & Gas Website or directly through the company by writing email@example.com or call 1-888-891-9466.
Note: For beneficial shareholders, their Warrants will be DWACd out of their brokerage/DTCC account into AST Financial and registered under the individual holder. Then that individual holder will exercise directly through our website or direct contact with the company.
WHAT IS A WARRANT?
A WARRANT is a security interest that locks in a particular purchase price for our Common Stock, during a specific time period. In this Rights Offering, each WARRANT may be exercised later to buy one share of Common Stock for $3.00.