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12 Sep 2014 07:00
12 September 2014
Sefton Resources, Inc.
("Sefton" or the "Company")
Issue of Equity to Settle Contractual Obligations and Pay Directors Fees
The Board of Directors of Sefton wishes to advise it has today issued 30,599,883 common shares of no par value ("Common Shares") to settle its outstanding contractual commitment of GBP 52,019.80 to DOC Investments Limited, a former advisor to the Company whose contract was terminated as of 31 December 2013. The Common Shares have been issued at 0.17 pence per Common Share, calculated at the closing offer price per Common Share on 10 September 2014. Following the issue of the new Common Shares, DOC Investments Limited will hold a total of 32,930,057 Common Shares, equivalent to 3.62% of the issued Common Share capital of the Company.
In addition, the Company has issued a total of 32,651,520 Common Shares to the three directors of the Company representing outstanding directors' fees to 30 June 2014. These Common Shares were also issued at 0.17 pence per Common Share and an exchange rate of 1 GBP =1.6214 USD was used.
An application will be made for the new Common Shares detailed above to be admitted to trading on AIM on 17 September 2014. Following the issue of these new Common Shares, the Company will have a total of 909,644,495 Common Shares in issue.
Following the Issue, the Directors of Sefton will hold the following Shares:
Director | Shares held prior to Issue | Shares Issued | Shares held post Issue | Percentage of Enlarged Share Capital |
Mark Smith | 12,434,055 | 10,883,840 | 23,317,895 | 2.56% |
Tom Milne | 10,076,741 | 10,883,840 | 20,960,581 | 2.30% |
Keith Morris | 8,665,831 | 10,883,840 | 19,549,671 | 2.15% |
Visit www.seftonresources.com or contact:
Keith Morris, Director | Tel: 0207 448 5111
|
Nick Harriss, Nick Athanas, Allenby Capital (Nomad) | Tel: 0203 328 5656 |
Neil Badger, Dowgate Capital Stockbrokers (Broker) | Tel: 01293 517 744 |
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