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Innlegg av: plaff (18.05.17 20:10 ), lest 3398 ganger
Ticker: WRL

WENTWORTH RESOURCES LIMITED : ADMISSION OF PLACEMENT SHARES

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.

18 May 2017

Wentworth Resources Limited

Admission of Placement Shares

Reference is made to the announcement made on Wednesday, May 17, 2017
regarding completion of the private placement of new common shares in
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. Further to this announcement, the
admission to trading on AIM and the Oslo Stock Exchange, scheduled for
tomorrow, will be delayed until the receipt of the full settlement proceeds
by the Company. It is expected that the Placement Shares will be admitted to
trading on Monday 22 May 2017 on AIM and the Oslo Stock Exchange.

In accordance with the continuing obligations of the Oslo Stock Exchange, it
is hereby announced that the board of directors of the Company today has
authorised the issue of up to a maximum of 16,953,496 new common shares at
the subscription price of 25 pence per share in the private placement. The
new common shares will be issued upon receipt of the proceeds for the shares
by the Company.

A further announcement will be made in due course confirming the admission to
trading on AIM and the Oslo Stock Exchange.

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.