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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sefton Res. | LSE:SER | London | Ordinary Share | VGG7996N1298 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.015 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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 -------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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