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Sefton Resources (SER)

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Friday 16 October, 2015

Sefton Resources

Update on Litigation

RNS Number : 5074C
Sefton Resources Inc
16 October 2015
 

16 October 2015

Sefton Resources, Inc.

("Sefton" or the "Company")

Update on Litigation & Bankruptcy Hearing

 

Further to the announcement of 1 September 2015, the Company yesterday received notice that the lawyers for John J. Ellerton, C & J Resources, Inc., and C & J Pension Plan & Trust have moved to withdraw from representing each of these parties in both the bankruptcy action and the federal court action. Mr Ellerton's lawyer state the reason for the withdrawal is that: "Counsel's continued representation of the Creditors will result in violation of the Rules of Professional Conduct or other law."  Sefton's counsel in these matters advises that C & J Resources, Inc., and C & J Pension Plan & Trust cannot proceed in either action, and will need to be dismissed, if the entities do not find substitute counsel.

Visit www.seftonresources.com or contact:

Jossy Rachmantio, Executive Chairman

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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