ZAZA ENERGY ANNOUNCES EQUITY RAISE OF $2.5 MILLION
HOUSTON, TX APRIL 30, 2015 ZaZa Energy Corporation (“ZaZa” or the “Company”) (NASDAQ:ZAZA) today announced that the Company has closed on a definitive agreement with an institutional investor for a cash financing of $2.5 million in gross proceeds. Under the terms of the agreement, ZaZa has issued shares of its newly designated Series A 5% Convertible Preferred Stock in a private placement (the “Preferred Stock”). The Preferred Stock has a total liquidation preference of $2.5 million and is convertible, at the option of the holder, into 2,500,000 shares of common stock, subject to