TIDMNEW

RNS Number : 5611B

New World Oil & Gas

17 June 2016

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

For immediate release 17 June 2016

NEW WORLD OIL AND GAS PLC ("New World" or "the Company")

Result of Extraordinary General Meeting

New World is pleased to announce that at the Extraordinary General Meeting of the Company held today, both resolutions were duly passed.

Accordingly, the Company is able to pursue opportunities outside the oil and gas sector, and is authorised to release the second tranche of the loan to Big Sofa Limited as referred to in the Company's announcement of 9 May 2016 ("Previous Announcement").

A further announcement will be made regarding this second tranche as and when it is drawn down. The Company's shares remain suspended from trading on AIM in accordance with the Previous Announcement.

 
 Enquiries: 
 Georges Sztyk    New World Oil and    Tel: +1 646 407 
  Adam Reynolds    Gas plc              9946 
  Nicholas Lee     New World Oil and    Tel: +44 (0)7785 
                   Gas plc              908158 
                   New World Oil and    Tel: +44 (0) 20 
                   Gas plc              7580 7576 
 Roland Cornish   Beaumont Cornish     Tel: +44 (0) 20 
                   Limited              7628 3396 
 Felicity Geidt   Beaumont Cornish     Tel: +44 (0) 20 
                   Limited              7628 3396

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

June 17, 2016 06:32 ET (10:32 GMT)

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