Zion Oil & Gas (ZN) Raises Rights Offering to 3.6M Shares
Zion Oil & Gas, Inc. (Nasdaq: ZN) announced today that it has filed an amendment, with the Securities and Exchange Commission, to the registration statement that it originally filed on July 30, 2009, with respect to a proposed rights offering to its common stockholders.
In the amendment, Zion increased the number of shares of its common stock that can be purchased in the rights offering from 2.0 million shares to 3.6 million shares. Each whole subscription right will entitle the holder to purchase one share of common stock for $5.00.
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