Zion Update On Bond Extension
Zion Oil & Gas, Inc. (NASDAQ GM: ZN) is currently in a bond offering available only to its shareholders.
We recently announced the extension of our 10% Bond Rights Offering to March 31, 2016. If you are a shareholder, you should have received information in the mail or via your broker about your right to purchase $100 Bonds that yield an annual 10% return with five year maturity date. Your broker is now able to purchase these $100 bonds for you.
The offering was extended, for among other reasons, to allow Zion’s shareholders sufficient time to adequately and thoughtfully consider the offering.
The Company received numerous complaints from shareholders who hold through brokers that they had not received offering materials from their brokers in a timely fashion so we felt that it was important to extend the opportunity for another couple of months.
Source: Zion Oil & Gas
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