Key Developments: Sefton Resources Inc (SER.L)

SER.L on London Stock Exchange

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30 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Sefton Resources Inc Provisional Agreement for Sale of Kansas Assets
Tuesday, 30 Jun 2015 02:01am EDT 

Sefton Resources Inc:Says has reached a provisional agreement with a third party to sell all of the assets and liabilities of Sefton's two wholly owned subsidiaries, TEG MidContinent Inc. and TEG Transmission LLC (the "Kansas Assets") for a cash consideration of US$400,000.Says the agreement will result in the third party buyer assuming all immediate plugging liabilities for all wells, which, if borne by the Company, would cost in excess of US$500,000 in Q3 2015.Says If the Agreement results in a completed transaction, this move will signal Sefton's exit from all operations in the US, which will be a significant moment in the turnaround of the business.  Full Article

Sefton Resources Inc announces new development agreement
Thursday, 25 Jun 2015 02:00am EDT 

Sefton Resources Inc:Has entered into development agreement to explore potential transaction involving producing oil and gas assets in Indonesia.Development agreement has been signed as part of transaction structure with dual purpose of protecting shareholder interests and gaining first mover advantage on transaction.Company continues to perform confirmatory due diligence on the target assets and through development agreement will be working closely with experienced oil and gas professional, Rob Shepherd, on potential transaction.Company continues to perform confirmatory due diligence on the target assets and through development agreement will be working closely with experienced oil and gas professional, Rob Shepherd, on potential transaction.Development agreement represents significant progress by Board towards establishing clearly defined strategy based on acquisition of cash generative assets to underpin long term sustainable growth of company.  Full Article

Sefton Resources Inc announces placing of new shares
Wednesday, 17 Jun 2015 02:00am EDT 

Sefton Resources Inc:Has raised 799,500 Pounds gross through placing for new common shares of no par value in capital of company.New Shares have been subscribed for by clients of Novum Securities Ltd at price of 0.065 pence per share.Total of 1,230,000,000 new shares have been issued today, and an application will be made for new shares to be admitted to trading on AIM with effect from June 23.  Full Article

Sefton Resources issues new common shares
Tuesday, 28 Apr 2015 01:00pm EDT 

Sefton Resources:Issued 65,000,000 new common shares of no par value following the exercise of options by Daniel Levi, a former director.Options were exercised at a price of 0.05 pence per Common Share.grant of Options was announced on February 24, and all of Mr Levi's Options have now been exercised.In addition, Company has issued a further 57,409,091 Common Shares following a partial exercise request from Cornhill Capital Limited of the 81,818,182 warrants to subscribe for Shares at a price of 0.1 pence per share.Exercisable for a period of three years to Feb. 24, 2018, that were announced on Feb. 24.Cornhill now have 24,409,091 Warrants remaining.  Full Article

Sefton Resources Inc announces appointment of Raylene Whitford
Thursday, 23 Apr 2015 02:01am EDT 

Sefton Resources Inc:Announced the appointment of Raylene Whitford to the Board with effect from April 22, 2015.As announced on March 31, 2015 Ms Whitford was appointed as the company's Chief Financial Officer.Company also announced the resignation of Daniel Levi as Interim Executive Chairman and he has left the Board with effect from April 22, 2015.  Full Article

Hawker Energy Inc completes acquisition of TEG Oil & Gas U.S.A., Inc from Sefton Resources Inc
Thursday, 5 Feb 2015 04:06am EST 

Hawker Energy Inc:Says it closed its previously-announced acquisition of 100 pct of the shares of TEG Oil & Gas U.S.A., Inc from Sefton Resources, Inc.Says Hawker purchased all of the shares of TEG by issuing 3 mln shares of Hawker's common stock and a five-year warrant to purchase up to an additional 5 mln shares of Hawker's common stock for $0.25 per share.Says in addition, Hawker and its subsidiary have made a number of advances totaling about $1.65 mln to TEG beginning April 2014 through the present, pursuant to a secured subordinated note.Says this amount constitutes additional consideration for the acquisition, as this loan receivable will not be settled prior to the closing of the acquisition of TEG.  Full Article

Sefton Resources Inc issues shares pursuant to conversion of loan note
Friday, 15 Aug 2014 05:30am EDT 

Sefton Resources Inc:Issued 8,858,490 common shares of no par value in conversion of $16,000 of loan note (as defined in the Announcement), plus accrued interest of $3,426.67, at equivalent to 0.1312 pence per Share.Says application will be made for new shares to be admitted to trading to AIM on Aug. 4.  Full Article

Sefton Resources Inc announces issue of equity
Wednesday, 23 Jul 2014 05:40am EDT 

Sefton Resources Inc:Further to announcement of Jan. 8 Sefton have issued 9,487,667 common shares of no par value in conversion of $20,000 of loan note, at equivalent to 0.1234 pence per Share.An application will be made for the New Shares to be admitted to trading to AIM on July 29.Following the issue of new shares, the company will have total of 829,466,662 shares in issue.Outstanding balance of the loan note is $35,000.  Full Article

Sefton Resources Inc announces issue of equity
Wednesday, 18 Jun 2014 02:00am EDT 

Sefton Resources Inc:Says that it has issued 10,259,917 common shares of no par value in conversion of $15,000 of the Loan Note, at the equivalent to 0.0862 pence per share.Following the issue of the new shares, the company will have a total of 757,060133 shares in issue.Says the outstanding balance of the Loan Note is now $105,000.  Full Article

Sefton Resources Inc announces issue of equity
Monday, 9 Jun 2014 02:00am EDT 

Sefton Resources Inc:Issued 9,045,226 common shares of no par value in conversion of $15,000 of the loan note at the equivalent to 0.0995 pence per share.An application will be made for the New Shares to be admitted to trading to AIM on June 13.  Full Article

BRIEF-Sefton says to file petition to dismiss former chairman's bankruptcy petition

* Was informed today that Ellerton's attorney filed certificate of service for petition with us bankruptcy court colorado district on 21 july

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