Sefton Resources Inc Update on Litigation (5074C)

TIDMSER

RNS Number : 5074C

Sefton Resources Inc

16 October 2015

Sefton Resources, Inc.

("Sefton" or the "Company")

Update on Litigation & Bankruptcy Hearing

Further to the announcement of 1 September 2015, the Company yesterday received notice that the lawyers for John J. Ellerton, C & J Resources, Inc., and C & J Pension Plan & Trust have moved to withdraw from representing each of these parties in both the bankruptcy action and the federal court action. Mr Ellerton's lawyer state the reason for the withdrawal is that: "Counsel's continued representation of the Creditors will result in violation of the Rules of Professional Conduct or other law." Sefton's counsel in these matters advises that C & J Resources, Inc., and C & J Pension Plan & Trust cannot proceed in either action, and will need to be dismissed, if the entities do not find substitute counsel.

Visit www.seftonresources.com or contact:

 
 Jossy Rachmantio, Executive Chairman        Tel: 020 7872 
                                              5570 
------------------------------------------  -------------- 
 Nick Harriss, Nick Athanas, Allenby         Tel: 020 3328 
  Capital (Nomad)                             5656 
------------------------------------------  -------------- 
 Nick Bealer, Cornhill Capital (Broker)      Tel: 020 7710 
                                              9612 
------------------------------------------  -------------- 
 Tim Blythe, Camilla Horsfall, Blytheweigh   Tel: 020 7138 
  (PR)                                        3224 
------------------------------------------  --------------

This information is provided by RNS

The company news service from the London Stock Exchange

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October 16, 2015 04:30 ET (08:30 GMT)

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