4th Oct 2006 10:12
Sefton Resources Inc04 October 2006 Sefton Resources, Inc. ("Sefton" or the "Company") Directors Dealing, Conversion of Loans, Exercise of Options, Additional Listing, etc The Company was advised on 29 September 2006 that on that date JeremyDelmar-Morgan, a director of the Company, acquired 150,000 common shares of nopar value in the Company at 6.25p per share. On 26 September 2006, options over a total of 533,333 common shares of no parvalue in the Company ("Common Shares") were exercised by three directors asfollows: Name Number of Common Shares Exercise priceJeremy Delmar-Morgan 333,333 6 penceNorman Thachuk 100,000 6 penceM.A. Ashton 100,000 6 pence In addition, loans to the Company in the total sum of US$416,160 were convertedin accordance with their terms (as amended to take into account the recentconsolidation of the common share capital). At a conversion price of 4 pence pershare, this has resulted in the allotment and issue of a total of 5,965,614Common Shares, including the conversion of loans from Jeremy Delmar-Morgan andHarry Barnum, directors of the Company, as follows: Name Amount of loan Number of Common SharesJeremy Delmar-Morgan US$87,000 1,229,154Harry Barnum US$20,160 289,231 Following the above, the interests of the Directors in the Common Shares are asfollows: Name of director Number of Common Shares %Jeremy Delmar-Morgan 3,946,845 3.4Norman Thachuk 712,667 0.6M.A. Ashton 717,600 0.6Harry Barnum 380,955 0.03 Application has now been made for a total of 6,498,947 new Common Shares to beadmitted to trading on AIM. These new Common Shares will rank pari passu withthe existing Common Shares and dealings in the new Common Shares are expected tocommence on 9 October 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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