2nd Apr 2015 08:32
LONDON (Alliance News) - Sefton Resources Inc Thursday said it has no external borrowings after it repaid the last of its loan notes.
The USD129,000 of loan notes were previously held by six individual noteholders and carried a 10% coupon and were for a rolling one-year term. The repayment of the loan notes follows on from similar transactions in January and March, and leaves the company with no external borrowings, it said.
Sefton shares fell 3.1% to 0.111 pence per share on Thursday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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