24th Apr 2015 13:57
LONDON (Alliance News) - Sefton Resources Inc Friday said it has noted the recent increase in the company's share price, and said its position has not changed since it made a similar announcement earlier this month.
Sefton shares were up 20.7% to 0.350 pence per share on Friday afternoon.
"The board of Sefton note the recent increase in the company's share price. Other than the matters subsequently announced on April 17 and 23, 2015, the company's position remains materially as outlined in the announcement of 15 April 2015," it said in a statement.
On April 15, the company released a similar announcement noting the share price movement and stated its position was again "unchanged," adding the company is continuing to examine options to acquire oil and gas assets and to dispose of its existing assets in Kansas in the US, adding it was making "solid progress" on both fronts.
Since then, Sefton has said it is thinking about changing its name to Stryker Petroleum Inc as part of moving its headquarters to the UK from Denver, Colorado in the US, alongside Raylene Whitford starting in her role as chief financial officer as Daniel Levi, its executive chairman, stepped down.
"The board are continuing to progress the matters outlined in its previous announcements, but none have yet reached completion," Sefton said Friday. "A further announcement will be made to the market when any matters have been agreed or any other information is required to be disclosed to the market."
By Joshua Warner; [email protected]; @JoshAlliance
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