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Sefton Resources (SER)

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Friday 11 September, 2015

Sefton Resources

Interview with Proactive Investor

RNS Number : 7497Y
Sefton Resources Inc
11 September 2015
 



Sefton Resources, Inc

11 September 2015

Sefton Resources, Inc.

("Sefton" or the "Company")

 

Raylene Whitford discusses new Company Strategy with Proactive Investor

Following the 'General Meetings, Strategic Outlook, Board Change & Company Response to EGM Requisition' announcement released yesterday morning, Raylene Whitford, CFO, has conducted an audio interview with Proactive Investor. In the interview Ms Whitford outlines the Company's new strategy, defining the three pillars as: the Company's focus in South East Asia which will benefit from the high demand for domestic energy, the in depth management experience and network in the area, and that the recent distressed oil prices are an opportunity to acquire assets at an attractive price.

Ms Whitford also talks about the changes in Management, and strongly endorses the appointment of Jossy Rachmantio to Executive Chairman, former Non-Executive Director.

With regards to the Notice of Requisition ('Requisition') for an Extraordinary General Meeting ("EGM") of shareholders, which proposes the removal of Thomas Milne, Keith Morris and Raylene Whitford as Directors of the Company, and the appointment of Clement Chambers as Interim CEO and Michael Hodges as Non-Executive Director of the Company. Ms Whitford explains that this Requisition will not retract management from pursuing their outlined strategy and asks Sefton Shareholders to show their support for existing management.

See link below to listen to the audio interview in full

http://www.proactiveinvestors.co.uk/companies/stocktube/4125/sefton-resources-at-turning-point-says-finance-chief-whitford-4125.html

 

Visit www.seftonresources.com or contact:

Raylene Whitford, Chief Financial Officer

Laurence Read

Tel: 020 7872 5570

 

Nick Harriss, Nick Athanas, Allenby Capital (Nomad)

 

Tel: 020 3328 5656

Nick Bealer, Cornhill Capital (Broker)

 

Tel: 020 7710 9612

Tim Blythe, Camilla Horsfall, Blytheweigh (PR)

 

Tel: 020  7138 3224

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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