DALLAS and CAESAREA, Israel, March 11, 2011 (GLOBE NEWSWIRE) -- Zion Oil & Gas, Inc. (Nasdaq:ZN) (Nasdaq:ZNWAW) (Nasdaq:ZNWAZ) today announced that 100,600 of its publicly traded warrants quoted under the symbol ZNWAW were exercised under the program whereby holders could exercise warrants at $4, versus the $7 exercise price provided by the original terms of the warrants, generating cash of $402,400 for Zion. The reduced exercise price program, which was in effect since January 3, 2011, expired on March 7, 2011, and the original exercise price of $7 has been reinstituted for all remaining unexercised warrants with the symbol ZNWAW. Warrants (with symbol ZNWAW) for 506,079 shares remain outstanding and continue to be exercisable through January 31, 2012.
Zion Oil Announces Warrant Exercise Results
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