Sefton Resources Inc Issue of Equity (7017C)

TIDMSER

RNS Number : 7017C

Sefton Resources Inc

19 October 2015

Sefton Resources, Inc.

("Sefton" or the "Company")

Issue of Equity & Redundancy Settlement

The board of directors of Sefton (the "Board") has agreed redundancy terms with its last remaining and long serving employee in the USA, Ms Kris Short. This settlement has been negotiated at a significant reduction to her contractual terms to reflect Sefton's position. As part of this settlement, Ms Short has been issued with 50,000,000 new common shares of no par value ("Common Shares"). Ms Short has also been issued with options to subscribe for 50,000,000 new Common Shares at a price of 0.026 pence per Common Share, the average closing mid-market price for the previous 5 trading days, for a period of up to 3 years. Ms Short, who is based in Denver, Colorado, will remain in her role until 31 January 2016, to help with the litigation with former Chairman, Mr Jim Ellerton, and the possible sale of the Company's oil and gas assets in Kansas.

Following this issue of the new Common Shares to Ms Short, the Company will have a total of 4,796,618,397 Common Shares in issue. An application has been made for admission of the 50,000,000 new Common Shares to trading on AIM with effect from 22 October 2015.

The Board would like to give its thanks to Ms Short for her long and exemplary service, during what have often been rather difficult times.

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

END

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October 19, 2015 08:36 ET (12:36 GMT)

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