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Stock Market & Financial Investment News

News Breaks
March 20, 2014
08:08 EDTZAZAZaZa closes third transaction for Eaglebine, Lower Cretaceous asset development
ZaZa Energy announced that it has closed the previously announced third transaction with its joint venture partner to further develop its Eaglebine/Lower Cretaceous assets in the Eagle Ford East. Pursuant to the terms of the Phase III Amendment, ZaZa received a total of approximately $15M in cash and carry consideration and an additional two well drilling commitment. ZaZa’s JV partner has now elected into all of the company’s acreage in the joint venture.
News For ZAZA From The Last 14 Days
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July 21, 2014
09:12 EDTZAZAZaZa Energy announces $7.5M capital markets transaction
ZaZa Energy has entered into a $7.5M capital markets transaction with Crede Capital Group, LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions. The investment will be made in two phases. The closing of the first phase, which has occurred today, is for $5M gross proceeds in exchange for ZaZa common stock at a price of 83c per share. The price per share was determined by the closing price on July 17, 2014 as reported on the Nasdaq Capital Market. The transaction also includes 0.6 warrants for every share of ZaZa common stock with a strike price of $1.1205 per share, a 35% premium to such price. The second phase for $2.5M is scheduled to close on or before October 20, 2014, and also includes 0.6 warrants for every share of ZaZa common stock. The price for such additional shares shall be determined by reference to the closing price of ZaZa common stock on the day prior to such additional issuance.

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