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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 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Dec 2019 to Dec 2024
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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