DALLAS and CAESAREA, Israel, July 16, 2010 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) announced today that on July 15, 2010 it completed its previously announced rights offering. The preliminary outcome of the rights offering, as of the close of business on July 15, 2010, indicates that subscriptions of approximately 2.3 million shares, for gross proceeds of approximately $11.5 million, will be accepted (including over-subscription). All shareholders that requested over-subscription shares will be awarded their full over-subscription request.
Zion Oil & Gas Rights Offering Ends
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