Zion Oil & Gas (ZN) Completes 2.3M Rights Offering for $11.5M in Gross Proceeds

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...

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