Sterling Resources Announces Anticipated Completion of Recapitalization

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[{"type":"text","content":"\n\n\n\nSterling Resources Announces Anticipated Completion of Recapitalization\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSterling Resources Announces Anticipated Completion of Recapitalization\nCanada NewsWire\nCALGARY, May 30, 2016\n\n\n\nCALGARY, May 30, 2016 /CNW/ - Sterling Resources Ltd. (TSX-V: SLG) (the \"Company\") announces that completion of the recapitalization of the Sterling Resources group (the \"Recapitalization\"), originally expected to occur on or about May 27, 2016, is now anticipated to occur during the week of May 30, 2016.  Until completion, trading in the Senior Secured Bonds 2013/2019 (ISIN NO 001 0675671) issued by the Company's UK subsidiary will remain suspended.\n\nSterling Resources is a Canadian-listed international oil and gas company headquartered in Calgary, Alberta with assets in the United Kingdom and the Netherlands. The common shares are listed and posted for trading on the TSX Venture Exchange (TSX-V) (TSX-V) exchange under the symbol \"SLG\".\n\nNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the accuracy of this release. \n\nFiler Profile No. 00002072\n\nForward-Looking Statements\n\nThis news release contains forward-looking statements with respect to the completion of the Recapitalization.\n\nThese forward-looking statements involve numerous assumptions made by Sterling based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.  In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other-forward looking statements will prove inaccurate, certain of which are beyond Sterling's control, including: the impact of general economic conditions in the areas in which Sterling operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws an...

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