Wentworth Resources Ltd Wentworth Resources Limited : Admission Of Placement Shares And New Share Capital

 
TIDMWRL 
 
 
   THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND 
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, 
DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, 
JERSEY, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, 
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. 
 
   FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL 
NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER 
TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF 
WENTWORTH RESOURCES LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER 
OR SOLICITATION WOULD BE UNLAWFUL. 
 
   23 May 2017 
 
   Wentworth Resources Limited 
 
   Admission of Placement Shares and New Share Capital 
 
   Wentworth Resources Limited ("Wentworth" or the "Company"), the Oslo 
Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East 
Africa-focused oil and gas company, is pleased to announce that, further 
to the announcement made on Wednesday, 17 May 2017, regarding completion 
of the private placement of new common shares in the Company and the 
announcements made on Thursday, 18 May 2017, and Monday, 22 May 2017, 
regarding the timing of the admission to trading of the new shares, 
16,953,496 new fully-paid common shares have now been legally and 
validly authorized and issued and admitted to trading on AIM and the 
Oslo Stock Exchange. 
 
   The total issued and outstanding share capital of the Company is now 
186,488,465 common shares of no par value. This figure may be used by 
shareholders in the Company as the denominator for the calculations by 
which they will determine if they are required to notify their interest 
in, or a change to their interest in, the Company under the Financial 
Conduct Authority's Disclosure and Transparency Rules or the Norwegian 
Securities Trading Act. 
 
   About Wentworth Resources 
 
   Wentworth Resources is a publicly traded (OSE:WRL, AIM:WRL), independent 
oil & gas company with: natural gas production; exploration and 
appraisal opportunities; and large-scale gas monetisation initiatives, 
all in the Rovuma Delta Basin of coastal southern Tanzania and northern 
Mozambique. 
 
 
 
 
Enquiries: 
              Geoffrey Bury,                                             [e-mail] 
Wentworth      Managing Director                                               [phone] 
 
              Lance Mierendorf,                                    [e-mail] 
               Chief Financial Officer                                         [phone] 
              Katherine Roe 
               Vice President Corporate Development and Investor    [e-mail] 
               Relations                                                       [phone] 
Crux          Investor Relations Adviser 
 Advisers      (Norway)                                                                     [phone] 
              Carl Bachke 
 
Stifel 
 Nicolaus 
 Europe 
 Limited      AIM Nominated Adviser and Broker (UK)                                   [phone] 
              Callum Stewart 
               Ashton Clanfield 
 
GMP 
 FirstEnergy  Broker (UK)                                                             [phone] 
              Hugh Sanderson 
               David van Erp 
FTI 
 Consulting   Investor Relations Adviser (UK)                                         [phone] 
 Edward Westropp 
  Kim Camilleri 
 
 
   Cautionary note regarding forward-looking statements 
 
   This announcement may contain certain forward-looking information. The 
words "expect", "anticipate", believe", "estimate", "may", "will", 
"should", "intend", "forecast", "plan", and similar expressions are used 
to identify forward looking information. 
 
   The forward-looking statements contained in this announcement are based 
on management's beliefs, estimates and opinions on the date the 
statements are made in light of management's experience, current 
conditions and expected future development in the areas in which 
Wentworth is currently active and other factors management believes are 
appropriate in the circumstances. Wentworth undertakes no obligation to 
update publicly or revise any forward-looking statements or information, 
whether as a result of new information, future events or otherwise, 
unless required by applicable law. 
 
   Readers are cautioned not to place undue reliance on forward-looking 
information. By their nature, forward-looking statements are subject to 
numerous assumptions, risks and uncertainties that contribute to the 
possibility that the predicted outcome will not occur, including some of 
which are beyond Wentworth's control. These assumptions and risks 
include, but are not limited to: the risks associated with the oil and 
gas industry in general such as operational risks in exploration, 
development and production, delays or changes in plans with respect to 
exploration or development projects or capital expenditures, the 
imprecision of resource and reserve estimates, assumptions regarding the 
timing and costs relating to production and development as well as the 
availability and price of labour and equipment, volatility of and 
assumptions regarding commodity prices and exchange rates, marketing and 
transportation risks, environmental risks, competition, the ability to 
access sufficient capital from internal and external sources and changes 
in applicable law. Additionally, there are economic, political, social 
and other risks inherent in carrying on business in Tanzania and 
Mozambique. There can be no assurance that forward-looking statements 
will prove to be accurate as actual results and future events could vary 
or differ materially from those anticipated in such statements. See 
Wentworth's Management's Discussion and Analysis for the year ended 
December 31, 2016, available on Wentworth's website, for further 
description of the risks and uncertainties associated with Wentworth's 
business. 
 
   Notice 
 
   Neither the Oslo Stock Exchange nor the AIM Market of the London Stock 
Exchange has reviewed this announcement and neither accepts 
responsibility for the adequacy or accuracy of this announcement. 
 
   This information is subject of the disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
   2017 05 23 Announcement: http://hugin.info/136496/R/2106854/799985.pdf 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Wentworth Resources Limited via Globenewswire 
 
 
  http://www.wentworthresources.com/ 
 

(END) Dow Jones Newswires

May 23, 2017 02:00 ET (06:00 GMT)

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