Zion's Current Bond Public OfferingRecently, the Company filed with the SEC our Prospectus Supplement for a $1,000 public bond offering. Unlike prior offerings, this is not a shareholder rights offering that is open only to existing shareholders. Rather, this bond offering is open to all members of the public. This is a best efforts minimum-maximum offering where the Company needs to raise a minimum of $2.5 million dollars to close on the offering. The maximum amount that we can raise under this offering is $12 million dollars, the proceeds of which will be used to drill the Megiddo-Jezreel #1 well. Zion is offering (through Network 1 Financial Securities, Inc., our Placement Agent) 12% Convertible Senior Bonds to the public at principal or par value of $1,000. Bond holders are entitled to receive a 12% annual interest rate paid on the Principal, in arrears, beginning October 2, 2017. Interest payments will be paid annually, in arrears, either in cash or in kind (shares of Zion common stock). The offering will terminate on September 1, 2016, unless extended up to 60 days at the Company's discretion. For more information on Zion's 12% Convertible Bond Offering, click the following link: https://www.zionoil.com/bond-subscription-agreement-network-one-financial-zion-oil-gas/ This communication does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, and there will be no sale of any securities in any state in which such an offer, solicitation, or purchase would be unlawful prior to the registration or qualification of such securities under the securities laws of any such state. NOTICE: Zion Oil & Gas, Inc. has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should carefully read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about Zion Oil & Gas and its offering. The offer of the 12% Convertible Senior Bonds is made only by means of the Prospectus Supplement dated May 31, 2016 of the Prospectus dated March 27, 2014, as subsequently amended, filed with the SEC, and related documents. A copy of the prospectus may be obtained, free of charge, on the SEC website at www.sec.gov, or by contacting us at email@example.com or by calling at 888-891-9466. Forward Looking Statements
This communication contains statements that may be deemed to be "forward-looking statements" under federal securities laws. Any forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, our ability to raise additional capital to fund our drilling program, our going concern qualification, our success in obtaining all needed regulatory approvals for the drill site, entering into drilling agreements, changes in economic conditions generally and the oil & gas industry specifically, changes in technology, legislative or regulatory changes, and other risks and uncertainties discussed under the heading "RISK FACTORS" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and in the Company's other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.