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EX-99.1 - PRESS RELEASE - ZION OIL & GAS INCf8k053014ex99i_zionoilgasinc.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported): May 30, 2014
 
ZION OIL & GAS, INC.
(Exact name of registrant as specified in its charter)
 
 Delaware
 
001-33228
 
  20-0065053
 (State or other jurisdiction
of incorporation)
 
  (Commission File Number)
 
 (IRS Employer 
Identification No.)

6510 Abrams Road, Suite 300, Dallas, TX 75231
(Address of principal executive offices, including Zip Code)
 
214-221-4610
(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report.)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 


 
 

 
 
Item 8.01.  Other Events.

On May 30, 2014, Zion Oil & Gas, Inc. (the “Company”) extended to 5:00 PM, Eastern Time, on December 31, 2014 the period in which units (each a “Unit” and collectively the “Units”) of the Company’s securities can be purchased under the Dividend Reinvestment and Stock Purchase Plan (the “Plan”). Each Unit consists of (i) one share of the Company’s common stock, par value $0.01 per share (the “Common Stock”) and (ii) one warrant to purchase one additional share of Common Stock at an exercise price of $2.00 (the “Warrant” and collectively, the “Warrants”). Accordingly, the Warrants will become first exercisable on the 31st day following the Unit Option Termination Date (i.e., on January 31, 2015 or the next trading day) and continue to be exercisable through January 31, 2020 at a per share exercise price of $2.00. The Warrants are not exercisable prior to such date. Except for the extension through 5:00 PM, Eastern Time, on December 31, 2014 of the period in which the Units can be purchased under the Plan and the consequent revision of the initial Warrant exercise and trading day to January 31, 2015 or the next trading day with expiration on January 31, 2020, the terms of the Plan remain unchanged.
 
The Plan is being made pursuant to a shelf registration statement on Form S-3, as amended, that was previously filed with the SEC and became effective on March 27, 2014. The offering under the Plan is being made solely by means of the prospectus and prospectus supplement that was filed with the SEC and became effective March 27, 2014. Additional information regarding the Plan is set forth in the prospectus supplement that was filed with the SEC on March 27, 2014.
 
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 
ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS
 
(d) Exhibits:
 
Exhibit 99.1 –
Press release dated May 30, 2014

 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
 
Date: May 30, 2014
 
 
 
Zion Oil and Gas, Inc.
 
 
 
 
By:
/s/ Victor G. Carrillo
 
 
Victor G. Carrillo
 
 
President and Chief Operating Officer
 
 
 
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