Zenith Exploration Inc. Announces Results of Annual General and Special Meeting and Provides an Update Regarding the Plan of Arrangement
Zenith Exploration Inc.
Suite 1080, 789 West Pender Street
Vancouver, BC V6C 1H2
NEWS RELEASE
ZENITH EXPLORATION INC. ANNOUNCES RESULTS OF ANNUAL GENERAL AND
SPECIAL MEETING AND PROVIDES AN UPDATE REGARDING THE PLAN OF
ARRANGEMENT
Vancouver, BC – August 14, 2019 – Zenith Exploration Inc. (CSE: “ZX”) (“Zenith” or the “Company”) is pleased
to announce the results of its annual general and special meeting (the “ Meeting”) of the shareholders (the
“Zenith Shareholders”) of common shares, held on August 13, 2019 to consider and vote on, among other
things, the plan of arrangement (the “Arrangement”), previously announced on May 28, 2019.
Approval of the Arrangement
Zenith shareholders approved by a special resolution the Arrangement under Division 5 of Part 9 of the
Business Corporations Act (British Columbia) between the Company, the shareholders of the Company and the
Company’s wholly -owned subsidiar ies High Point Exploration Inc. (“High Point ”) and Top Exploration Inc.
(“Top Exploration”). 90.63% of the common shares of the Company were voted at the Meeting. 100% of
those shares that voted at the Meeting, voted in favour of the Arrangement.
Update on Timing of Completion of the Arrangement
The Arrangement is subject to the receipt of a final court order of the Supreme Court of British Columbia,
which is expected to be sought on August 19, 2019.
If the Supreme Court of British Columbia approves the Arrangement, the Company will proceed with the
completion of the Arrangement. On the completion of the Arran gement, each Zenith Shareholder will
continue to be a shareholder of the Company and each Zenith Shareholder as of the share distribution record
date will receive one common share in each subsidiary with respect to every five Zenith common shares. The
share distribution record date will be announced in advance by a separate news release. High Point and Top
Exploration will become reporting issuers in British Columbia, Alberta and Ontario.
Details of the Arrangement are set out in the management information circular of the Company dated July 9,
2019 (the “ Circular”) which was mailed to the shareholders of the Company and is available under the
Company’s corporate profile on SEDAR (www.sedard.com).
Vote Results on Other Matters
Other matters before the Meeting are described more fully in the Circular. Zenith Shareholders voted to fix
the number of directors at four and to appoint Adam Sung Kim Ltd., Chartered Professional Accountants ,
Chartered Pro fessional Accountants as auditors of the Company for the ensuing year. Brent Hahn , Barry
Hartley, Jesse Hahn and James McCrea were re-elected to the board of directors of the Company.
On Behalf of the Board of Directors
ZENITH EXPLORATION INC.
Brent Hahn
Chief Executive Officer
Telephone: 604-428-7050
Zenith Exploration Inc.
News Release – August 14, 2019 Page 2 of 2
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
FORWARD LOOKING STATEMENT This press release may includ e forward -looking information within the
meaning of Canadian securities legislation, concerning the business and trading in the common stock of Zenith
Exploration Inc., the raising of additional capital and the future development of the business. The forwa rd-
looking information is based on certain key expectations and assumptions made by the company's
management. Although the Company believes that the expectations and assumptions on which such forward-
looking information is based are reasonable, undue relia nce should not be placed on the forward -looking
information because the Company can give no assurance that they will prove to be correct. These forward -
looking statements are made as of the date of this press release and Zenith disclaims any intent or obligation
to update publicly any forward-looking information, whether as a result of new information, future events or
results or otherwise, other than as required by applicable securities laws.