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9 Dec 2010 07:00
Sefton Resources, Inc.
("Sefton" or the "Company")
Issue of Equity
9 December 2010
Further to the announcement of 8 December 2010, Sefton has today placed a further 20,000,000 common shares of no par value ("Common Shares") at a price of 1.25p per share with investors, raising a total of £250,000 (approximately US$392,900) before expenses (the "Further Issue").
The net proceeds of the Further Issue will be used to provide additional working capital.
The Company has made an application for the 20,000,000 new Common Shares, together with the 48,888,080 Common Shares issued on 8 December 2010, to be admitted to trading on AIM and trading is expected to commence on 14 December 2010.
Following the Further Issue, the Company has 202,469,459 Common Shares in issue. The Company does not hold any Common Shares in treasury.
In so far as the Company is aware, the holdings of the Directors and Significant Shareholders following the Further Issue are as follows:
Shareholder | Number of Common Shares Held | Percentage of Common Shares Held |
Directors | ||
JJ Ellerton * | 26,710,552 | 13.19% |
KF Arleth | 6,153,519 | 3.04% |
MR Smith | 2,080,240 | 1.03% |
Significant Shareholders | ||
TD Waterhouse Nominees | 14,098,626 | 6.96% |
Barclayshare Nominees | 10,236,170 | 5.06% |
LR Nominees | 9,833,203 | 4.86% |
J Sires | 9,162,720 | 4.53% |
Raven Nominees | 8,348,789 | 4.12% |
HSDL Nominees | 7,579,652 | 3.74% |
J Delmar-Morgan ** | 6,317,490 | 3.12% |
* This includes Common Shares held by the C & J Resources Inc. Pension Plan, C & J Resources Inc. and J Ellerton Consultants, all of which are Related Parties to Mr. Ellerton under the AIM Rules for Companies.
** This includes 1,052,313 Common Shares in the name of Mary-Elaine Delmar-Morgan, Mr. Delmar-Morgan's wife.
Enquiries
John James Ellerton, CEO - Tel: 001 303-759-2700
David Charles/John Gaensbauer, Sierra Partners LLC - Tel: 001 303-757-2510
Nick Harriss/Derek Crowhurst, Religare Capital Markets (Nomad) - Tel: 020 7444-0800
Daniel Briggs, Religare Capital Markets (Broker) - Tel: 020 7444-0500
Sefton Resources is an AIM listed oil and gas production company. Its main core area of activity is in the East Ventura Basin in California, where it owns 100% of two oil fields, Tapia Canyon (heavy gravity oil) and Eureka Canyon (medium gravity oil), both of which have over twenty years of expected production life. In addition, Sefton has over 40,000 acres in the Forest City Basin of Eastern Kansas where Coal Bed Methane gas, as well as conventional oil and gas deposits, are targets.
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