Zenith Energy is investing a further GBP 259,000 in uranium investment company Reveille Resources ahead of the company's planned listing on the Aquis Growth Market on July 7. The investment gives Zenith 5.18 million shares at a subscription price of 5 pence per share. At the same time, Zenith has completed the spin-off of the Italian subsidiary FEI, which holds applications for uranium exploration in Val Vedello and Novazza in Lombardy. FEI has been transferred to Reveille for a nominal purchase price, while Zenith receives 7.0 million shares in Reveille corresponding to previously incurred costs of GBP 350,000.Together with an investment of GBP 200,000 announced in April, Zenith will after the listing own the equivalent of approximately 25.26 percent of Reveille, and thus become the company's largest shareholder. The holding is subject to a 12-month lock-up.Zenith is also awarded two warrant programs linked to the holding: 5.87 million so-called founder warrants with a five-year term and 12.18 million loyalty warrants with a 12-month term.CEO Andrea Cattaneo says that the spin-off is the most effective way to highlight the value in the uranium assets and that Zenith is well positioned to benefit from Reveille's continued development.