Zenith Energy Ltd. (LSE:ZEN) acquired 99.87% stake in Cyber Apps World Inc. (OTCPK:CYAP) from JanBella Group, LLC for $0.4 million on August 23, 2023. Under the terms of the transaction, Zenith Energy Ltd. paid $398,319.97 in cash for 100,000 shares of Series A Super Voting Preferred Stock to Janbella. Zenith intends to rename CYAP. As part of the transaction, William Alessi, the sole director of Cyber Apps, resigned as a director and appointed Luca Benedetto, Ippolito Cattaneo, and Dario Sodero as directors of Cyber Apps. Luca Benedetto, Chief Financial Officer and a director of Zenith Energy also appointed as President and Treasurer of Cyber Apps. Ippolito Cattaneo was appointed as Secretary of Cyber Apps.
Nick Harriss and Daniel Dearden-Williams of Allenby Capital Limited acted as financial advisor to Zenith Energy Ltd in the transaction.

Zenith Energy Ltd. (LSE:ZEN) completed the acquisition of 99.87% stake in Cyber Apps World Inc. (OTCPK:CYAP) from JanBella Group, LLC on August 23, 2023.