Sefton Resources Inc Issue of Equity (8801Q)
23 June 2015 - 2:00AM
UK Regulatory
TIDMSER
RNS Number : 8801Q
Sefton Resources Inc
22 June 2015
22 June 2015
Sefton Resources, Inc.
("Sefton" or the "Company")
Issue of Equity
The Company has issued 16,600,499 new common shares of no par
value in the capital of the Company ("Shares"). The new Shares have
been issued to Magna Group, LLC ("Magna") at a price of 0.065 pence
per Share, the same price as the Placing announced on 17 June 2015
(the "Magna Shares"). The Magna Shares have been issued in
accordance with the terms of the financing announced on 8 January
2014, as a substitution of the 5,141,779 warrants to subscribe for
Shares at the lower of 0.36 pence per Share or the current volume
weighted average price not more than one day post a new equity
placing and calculated in accordance with a formula incorporated
into the financing agreement. A total of 16,600,499 new Shares have
been issued today, and an application will be made for the new
Shares to be admitted to trading on AIM with effect from 26 June
2015 ("Admission"). The Magna Shares have been issued within the
Company's existing share authorities.
Visit www.seftonresources.com or contact:
Raylene Whitford, Chief Financial Officer Tel: 0207 872 5570
Nick Harriss, Nick Athanas, Allenby Capital Tel: 0203 328 5656
(Nomad)
-------------------
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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