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SER Sefton Res.

0.015
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
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

Sefton Resources Inc Sefton Resources Update (8425F)

16/11/2015 12:04pm

UK Regulatory


Sefton Resources (LSE:SER)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMSER

RNS Number : 8425F

Sefton Resources Inc

16 November 2015

16th November 2015

Sefton Resources, Inc.

("Sefton" or the "Company")

Sefton Status update

Sefton Resources Update on Involuntary Chapter 7 Bankruptcy Case

In an Order issued November 13, 2015, The United States Bankruptcy Court for the District of Colorado, The Honorable Michael E. Romero ordered that the Involuntary Bankruptcy Petition against Sefton Resources, Inc, (the "Company" or "Sefton") be dismissed with prejudice. The Court also awarded Sefton its legal fees and costs to be paid by the Plaintiffs, as well as punitive damages. The Court, in awarding costs and damages, found that the Plaintiffs acted in bad faith.

Sefton was represented by its counsel, Littler Mendelson of Denver and NED Tom Milne. Mr. Milne provided testimony and responded to questions from Judge Romero.

The Company now looks to have set aside the remaining lawsuit brought by the same plaintiffs, for the same amounts, in the US Federal Court and with the Bankruptcy petition dismissed the company is now free, should it so wish, to dispose of its Kansas assets.

The Directors of Sefton accept full responsibility for the content of this announcement

Visit www.seftonresources.com or contact:

 
 Clem Chambers, Sefton    clemc@advfn.com 
  Resources: 
-----------------------  ------------------- 
 Nick Bealer, Cornhill    Tel: 020 7710 9612 
  Capital Ltd (Broker): 
-----------------------  ------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

STREAAFKFEASFFF

(END) Dow Jones Newswires

November 16, 2015 07:04 ET (12:04 GMT)

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