yes -same total time frame as envisioned before de

yes -same total time frame as envisioned before despite enlarging the 3d survey from 50 to 60 sq km
(end of fundraising will be 6 months after the nov 29 time frame of 12 months-does say 6-12 months somewhere but they made it clear eleswhere back in nov or dec that it would be 12 months total and so after fundraising ends june 6, now will be ca 6 months after june 6 before completion)


and exactly the same total cost previously estimated (nov 29)i.e.,10M

interesting the warrants are 2 dollars this time,zn apparently expecting pps to rise above 2 dollars before end of exercise period for the warrants aug 6 2019 to aug 6 2021(recently when pps didnt rise above the warrant price zn extended the time period for exercise of a class of warrants-yes can be done via r/s but zn has not said one word re that(and interesting zn says price of warrants will not change-and price of warrants would change with a r/s) -
i believe zn expects to qualify for an additional 180 days to cure min bid pps via the natural route -building stockholder value)

last fundraise was the worst possible time of year to fundraise -the 2 weeks before xmas and the 29?days after xmas (when everybody in a materialistic culture is broke bc of xmas)and thus they raised at that time only 2M of the total 10M needed for the 3d survey-thus this new raise

also remember the market experienced its recent low ca dec 26 due to fed interest rate raises -that includes zn's lowest recent pps of ca .40 ca dec 26

and a fundraise almost immediately after being told the well was not commercial was not the best incentive

this raise comes at a fairly propitious time to fundraise(except for the beginning of vacation season/summer in the north hemisphere


i've posted the info re an extra 180 days to meet nasdaq listing requirements before,which includes a min market value somewhere from 1 to ca 80M-there are so many alternative min market requirements depending on which of 3 nasdaq markets a co is on and i cant find a definitive market requirement -partly bc of 3 nasdaq markets-but i saw previously something re a 40m market cap which may apply here

zn market cap of ca 71M shares times .77pps is 54,670,000,so if a min alternative listing standard requirement of 40M market cap applies that,along w other things, would give zn an additional 180 days after july 8 to raise the min bid list price to one dollar

as i said min market caps range from 1.1M to ca over 100M to stay listed
one of those market caps is 75M-dont yet know if that has anything to do with zn's mention of 75M

zn's market cap would be rising every month due to the DSPP program even if pps remained the same-- number of shares times pps = market cap