Sefton Resources Inc Update on litigation (7754P)
10 June 2015 - 9:03PM
UK Regulatory
TIDMSER
RNS Number : 7754P
Sefton Resources Inc
10 June 2015
10 June 2015
Sefton Resources, Inc.
("Sefton" or the "Company")
Update on litigation
Further to the announcement of 29 May 2015, the Company has
received further details of the claim made by Jim Ellerton (a
former Executive Chairman of Sefton) in the District Court of
Denver, Colorado against Sefton, two of its directors and a former
director which outlines unspecified damages in connection with his
resignation from the board, the termination of the consulting
contract with C&J Resources, Inc. ("C&J") pursuant to which
he was providing services and the completion of the transaction
with Hawker Energy.
The Company has retained legal counsel in Colorado and will
vigorously defend against Mr. Ellerton's claims and those of his
former consultancy company, C&J, and related pension plan. The
Company contends that the claims are without merit, and the Company
is considering all possible counterclaims against Mr. Ellerton and
C&J based on their own misconduct. The Company will provide a
further update shortly.
Visit www.seftonresources.com or contact:
Raylene Whitford, Chief Financial Officer Tel: 020 7872 5570
-------------------------------------------- -------------------
Nick Harriss, Nick Athanas, Allenby Capital Tel: 020 3328 5656
(Nomad)
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Nick Bealer, Cornhill Capital (Broker) Tel: 020 7710 9612
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This information is provided by RNS
The company news service from the London Stock Exchange
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