Zenith Exploration Inc. Announces the Share Distribution Record Date Pursuant to the Plan of Arrangement
Zenith Exploration Inc.
Suite 1080, 789 West Pender Street
Vancouver, BC V6C 1H2
NEWS RELEASE
ZENITH EXPLORATION INC. ANNOUNCES THE SHARE DISTRIBUTION RECORD DATE PURSUANT TO
THE PLAN OF ARRANGEMENT
Vancouver, BC – August 21, 2019 – Zenith Exploration Inc. (CSE: “ZX”) (“Zenith” or the “Company”)
announces that the Board of Directors of the Company has established September 13, 2019 as the
share distribution record date (the “Share Distribution Record Date”) for the purpose of determining
shareholders of the Company entitled to receive common shares of High Point Exploration Inc. and
Top Exploration Inc. pursuant to the plan of arrangement dated May 28, 2019 (the “Arrangement”).
The Share Distribution Record Date has been established for the purpose of determining the
shareholders of Zenith entitled to receive the common shares of High Point Exploration Inc. and Top
Exploration Inc. It is not the date of which the shareholders of Zenith can expect to receive the
common shares of High Point Exploration Inc. and Top Exploration Inc. Common shares of High Point
Exploration Inc. and Top Exploration Inc. are expected be issued on September 20, 2019.
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 of High Point
Exploration Inc. and one common share of Top Exploration Inc. with respect to every five common
shares of Zenith.
No action is required on the part of Zenith shareholders to receive the common shares of High Point
Exploration Inc. and Top Expl oration Inc. Those shareholders of Zenith entitled to receive the
common shares of High Point Exploration Inc. and Top Exploration Inc. will be mailed either a share
certificate or a direct registration statement evidencing their High Point Exploration In c. and Top
Exploration Inc. common shares to the mailing address currently on file with the transfer agent or
the shares will be credited directly to the respective brokerage accounts.
Option and warrant holders who exercise their options or warrants and are shareholders of Zenith
on the Share Distribution Record Date, will receive common shares of High Point Exploration Inc. and
Top Exploration Inc. However, the option and warrant holders of Zenith will not be receiving options
or warrants in Top Exploration Inc. and High Point Exploration Inc. pursuant to the Arrangement.
The Arrangement has been approved by the shareholders of Zenith on August 13, 2019 and by the
Supreme Court of British Columbia on August 19, 2019. Details of the Arrangement are set out in
the management information circular of Zenith dated July 9, 2019 (the “Circular”) and the news
release dated May 28, 2019, both 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
Zenith Exploration Inc.
News Release 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 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
business. The forward -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 informati on 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.