21st Jul 2014 07:00
21 July 2014
Sefton Resources, Inc.
("Sefton" or the "Company")
Issue of Equity & Directors Shareholdings
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 517 744 |
Related Shares:
SER.L