ZaZa Energy Corp. - 2015-04-30

Closed definitive agreement with an institutional investor for cash proceeds. Proceeds will support drilling and development of company’s Buda-Rose “stack and frack” wells, support other wells’ workovers and support working capital. Under agreement, ZaZa issued shares of Series A 5% convertible preferred stock in private placement. Stockholders can convert stocks into 2.5 million common shares. Warrants to purchase about 1.8 million common shares exercisable at $2.25 each are part of agreement. Each warrant is exercisable into one common share for five years, beginning six months after transaction closes. Northland Capital Markets is placement agent.