News and Press Releases

Issue of Equity & Directors Shareholdings

21 July 2014


The Board of  Sefton wishes to advise that it has today issued 32,168,554 common shares of no par value (“Shares”) in settlement of outstanding accounts payable, employee compensation and directors’ fees and expenses in the amount of US$88,045 (the “Issue”).  The Shares have been issued at 0.1592 pence per Share, calculated on the average closing price for the period 30 June to 16 July 2014 inclusive.  An exchange rate of £1.00:$1.72 has been used.  Of this amount, US$76,000 was contained in the recently published Annual Report and Accounts.

An application will be made for the new Shares to be admitted to trading to AIM on 24 July 2014.  Following the issue of the New Shares, the Company will have a total of 819,978,995 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 3,462,732 8,971,323 12,434,055 1.52%
Tom Milne 0 10,076,741 10,076,741 1.23%
Keith Morris 0 8,665,831 8,665,831 1.06%

 

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