TIDMSER

RNS Number : 0469U

Sefton Resources Inc

24 July 2015

24 July 2015

Sefton Resources, Inc.

("Sefton" or the "Company")

Update on litigation

The Company has previously announced that James Ellerton (Sefton's former Executive Chairman) initiated legal proceedings in the State of Colorado against the Company in May 2015 (the "Ellerton Action").

The Company announced on 10 July 2015 that Mr. Ellerton had filed an Involuntary Petition under Chapter 7 of the US Bankruptcy Code (the "Petition") in the US Bankruptcy Court for the District of Colorado in an attempt to force the Company into bankruptcy proceedings. The Company has been informed today that Mr Ellerton's attorney filed the certificate of service for the Petition with the US Bankruptcy Court for the District of Colorado on 21 July 2015.

The Company maintains a firm position that Mr. Ellerton has filed the Petition in bad faith, and that the Petition is invalid under the US Bankruptcy Code (the "Code"), a view supported by the Company's US legal counsel. The Company has today filed to dismiss the Petition, and will seek all available remedies under the Code, including attorneys' fees, costs, and compensatory or punitive damages.

Further announcements will be made as appropriate.

Visit www.seftonresources.com or contact:

 
 Raylene Whitford, Chief Financial     Tel: 020 7872 
  Officer                               5570 
------------------------------------  -------------- 
 Nick Harriss, Nick Athanas, Allenby   Tel: 020 3328 
  Capital (Nomad)                       5656 
------------------------------------  -------------- 
 Nick Bealer, Cornhill Capital         Tel: 020 7710 
  (Broker)                              9612 
------------------------------------  -------------- 
 Ben Romney, Buchanan (PR)             Tel: 020 7466 
                                        5132 
------------------------------------  --------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

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