Zenith Energy Limited (ASX:ZEN) will seek acquisition. The Company announced that it has received conditional approval for the private placement financing announced to the market on April 6, 2020. The Financings have attracted the participation of several existing high net-worth private investors, an existing institutional investor, as well as a Director of the Company to raise an aggregate total amount of approximately GBP 525,000 or NOK 6,750,000 or CAD 921,000. The Financings are subject to final approval from the TSX Venture Exchange. The proceeds of the Financings will be used to fund the Company's publicly announced acquisition campaign in Africa, to provide additional funding for Zenith's existing production portfolio, as well as for general working capital purposes.