News and Press Releases

Notice of EGM and Update Regarding Proposed Refinancing

30 June 2014

Further to the announcements of 6 May 2014 and 4 June 2014, the Board of Sefton wishes to advise shareholders of their efforts to re-finance the Group.

  • A notice of an Extraordinary General Meeting ("EGM"), together with proxy materials will be posted on the website on June 30, 2014. On the website at www.seftonresources.com there is a link titled "Extraordinary General Meeting 23 July 2014 – Shareholder Vote Required".
    • Click on that link to access the Circular and the Form of Proxy/Form of Instruction.
    • The EGM is scheduled for July 23, 2014, in Denver, Colorado.
    • The Company is investigating facilities to broadcast the meeting via the internet. BothAnnual Report and Accounts and EGM circular with proxy materials will be printed and mailed to shareholders promptly after June 30, 2014
  • The Company's Bank has agreed to a further extension of the repayment due date of the credit facility, subject to certain conditions, details of which are in the Annual Report and Accounts and the EGM circular.
  • Hawker Energy LLC is continuing to work with the Directors to refinance the credit facility with the Bank.
  • Subject to approval by Shareholders of the resolutions to be voted on at the EGM, the Company plans to hold an Annual General Meeting in London, UK in late September 2014.

 

Key extracts from the circular can be found below.

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