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Convertibles Calendar
On The Horizon
ZION OIL & GAS INC.:
• Rights offering of up to $72 million of five-year convertible bonds
• Maturity Feb. 15, 2021
• Par $100
• Talked to yield 10%, up 30%
• Issuance seen in February
• Non-callable for two years
• Takeover protection
• Holders of 100 shares entitled to one right for two bonds until Jan. 15, 2016
• Proceeds to drill two initial wells in Israel, for production testing, for additional exploration and for general corporate purposes
• Dallas-based oil and gas exploration and production company focused on Israel
• Nasdaq: ZN
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