News and Press Releases

Statement re: Share Price Movement
Update on Proposed Refinancing

10 December 2014

 

The board of directors of Sefton note the rise in the Company’s share price today and confirm that they know of no reason for today’s share price movement.

Further to the announcement of 8 December 2014 (the "Announcement"), Sefton, the Bank of the West and Hawker Energy Inc. are continuing discussions to try to reach a mutually agreeable position in relation to the refinancing and potential restructuring of the Company’s wholly owned subsidiary, TEG USA Inc., and the proposed joint venture with Hawker, Tapia LLC. All feasible options are being explored, nothing has as yet been finalised and discussions and negotiations amongst the parties are ongoing.

An announcement will be made once negotiations have been completed or terminated.

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 517744