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Issue of Equity

26 Sep 2011 16:09

RNS Number : 9487O
Sefton Resources Inc
26 September 2011
 

26 September 2011

 

Sefton Resources, Inc.

("Sefton Resources" or the "Company")

 

Issue of Equity

 

Sefton Resources (AIM: SER), the independent oil and gas exploitation and production company with interests in California and Kansas, is pleased to announce that, further to the announcement on 22 September 2011 of a share placing (the "Placing") of 70,000,000 new common shares of no par value in the capital of the Company ("New Common Shares") at a price of 2.0p per share, the New Common Shares have now been issued and allotted.

 

The additional New Common Shares will represent approximately 20 per cent. of the Company's enlarged issued share capital immediately following the Placing.

 

Application has been made for the New Common Shares to be admitted to trading on AIM. It is expected that Admission will be effective and that dealings in the shares will commence on Tuesday 27 September 2011.

 

The New Common Shares will rank pari passu with the existing Common Shares.

 

The Company's enlarged share capital immediately following the issue of the New Common Shares will be 350,031,959 Common Shares. There are no shares held in Treasury. The figure of 350,031,959 may be used by shareholders 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 share capital of the Company under the Disclosure and Transparency Rules.

 

 

For further information please visit www.seftonresources.com or contact:

 

John James Ellerton, Executive Chairman

Tel: 001 (303) 759 2700

Karl Arleth, CEO and President

Tel 001 (303) 759 2700

Dr Michael Green, Investor Relations

Tel: 0207 448 5111

Louis Castro / Rod Venables, Northland Capital Partners Limited (Nominated Adviser)

Charles Vaughan, Northland Capital Partners Limited (Corporate Broking)

Tel: 020 7796 8800

 

Tel: 020 7796 8800

Neil Badger, Dowgate Capital Stockbrokers (Broker)

Tel: 01293 517744

Alex Walters, Cadogan PR

Tel: 07771 713608

 

About Sefton Resources:

 

Sefton Resources is an AIM-listed oil and gas exploration and production company. Its main area of activities are the East Ventura Basin of California, where it owns 100% of two oil fields, Tapia Canyon (heavy gravity oil) and Eureka Canyon (medium gravity oil), and East Kansas with over 45,000 acres in the Forest City Basin, where coal bed methane, as well as conventional oil and gas deposits are targets.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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