Zenith Exploration Inc. Announces the Completion of the Plan of Arrangement
Zenith Exploration Inc.
Suite 1080, 789 West Pender Street
Vancouver, BC V6C 1H2
NEWS RELEASE
ZENITH EXPLORATION INC. ANNOUNCES THE COMPLETION OF THE PLAN OF ARRANGEMENT
Vancouver, BC – September 20 , 2019 – Zenith Exploration Inc. (CSE: “ ZX”) (“ Zenith” or the
“Company”) announces the completion of the plan of arrangement among Zenith, its former wholly
owned subsidiaries High Point Exploration Inc. and Top Exploration Inc. and the shareholders of
Zenith pursuant to the arrangement agreement dated May 28, 2019 (the “Arrangement”). The
Arrangement was approved by the shareholders of Zenith on August 13, 2019 and the Supreme Court
of British Columbia on August 19, 2019. It was filed with the Corporate Registry, was completed and
became effective on September 20, 2019.
Pursuant to the Arrangement, Zenith transferred the Mantle Property to High Point Exploration Inc.
(“High Point”) and the Golden Girl Property to Top Exploration Inc. (“Top Exploration”).
The Arrangement resulted in the shareholders of Zenith receiving one common share in High Point
and one share in Top Exploration with respect to every five common shares of Zenith as of the share
distribution record date (September 13, 2019).
As a result of the Arrangement, Top Exploration has 5,759,282 common shares issued and
outstanding and High Point has 5,759,282 common shares issued and outstanding.
There was no change in the shareholders’ holdings in Zenith as a result of the Arrangement. Upon
completion of the Arrangement, High Point and Top Exploration became reporting issuers in British
Columbia, Alberta and Ontario.
Details of the Arrangement are set out in the management information circular of Zenith dated July
9, 2019 (the “Circular”) available under Zenith’s profile on SEDAR (www.sedar.com).
On Behalf of the Board of Directors
ZENITH EXPLORATION INC.
Brent Hahn
Chief Executive Officer
Telephone: 604-428-7050
Neither the Canadian Securities Exchange nor its Regulation Services Provider acce pts responsibility
for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENT This press release may include 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
Zenith Exploration Inc.
News Release Page 2 of 2
business. The forward -looking information is based on certain key expectations and assumptions
made by the company's management. Although the Company belie ves that the expectations and
assumptions on which such forward -looking information is based are reasonable, undue reliance
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.