Sefton Resources Inc Directorate Change and Issue of Equity (6107M)
May 08 2015 - 3:00AM
UK Regulatory
TIDMSER
RNS Number : 6107M
Sefton Resources Inc
08 May 2015
8 May 2015
Sefton Resources, Inc.
("Sefton" or the "Company")
Board Changes & Issue of Equity
The board of Sefton (the "Board") is pleased to announce the
appointment of Jossy Rachmantio to the Board as a Non-Executive
Director with immediate effect. Mr Rachmantio, an Engineer by
training, has over 25 years experience in the energy industry. He
spent his early career involved in engineering, construction and
infrastructure projects in the energy sector in his native
Indonesia. Mr Rachmantio recently been focused for the last decade
in Oil and Gas Exploration and Production in Indonesia. He was a
founder and Director of Mitra Energia Limited which was subject to
a reverse takeover by AIM quoted Sound Oil plc in 2006. Mr
Rachmantio was subsequently a member of the board of Sound Oil plc
from 2006 to 2010, and served as Managing Director of the company's
Indonesian operations until Sound's disposal of that part of the
portfolio in 2012. Since 2013, Jossy has headed Bunga Mas
International Limited which is engaged in Oil and Gas exploration
and production in Indonesia.
Concurrently with Mr Rachmantio's appointment, Clem Chambers has
stepped down from the Board, in line with the announcement made by
the Company on 23 April 2015. In accordance with the announcement
of 24 February 2015, Mr Chambers has been issued 13,636,364 common
shares of no par value in the capital of the Company ("Common
Shares") in settlement of his Director's fees of GBP7,500 for the
quarter to 31 March 2015 at the equivalent price of 0.055 pence per
Common Share (the "New Shares"). The terms for the issue of the New
Shares were previously announced on 24 February 2015. Following
this issue of the New Shares, the Company will have a total of
2,846,972,443 Common Shares in issue. An application will be made
for admission of the New Shares to trading on AIM with effect from
14 May 2015.
Raylene Whitford, CFO, commented, "I am delighted to announce
that Jossy has joined the Board and will join us for the next stage
of Sefton's journey. Jossy brings in-depth experience, both
technical and commercial, in the Energy sector, especially in
relation to South East Asia. I would also like to express my utmost
gratitude to Clem for his assistance and advice over recent months;
his input and guidance has been invaluable."
Clem Chambers, outgoing director, commented, "It has been a
pleasure to work as an interim Non-Executive Director through
Sefton's dramatic turnaround. Now the company is back on track, it
is the perfect time to make way for resource industry professionals
to capitalise on the progress achieved so far."
Visit www.seftonresources.com or contact:
Raylene Whitford, Chief Financial Officer Tel: 020 7872 5570
-------------------------------------------- -------------------
Nick Harriss, Nick Athanas, Allenby Capital Tel: 020 3328 5656
(Nomad)
-------------------------------------------- -------------------
Nick Bealer, Cornhill Capital (Broker) Tel: 020 7710 9612
-------------------------------------------- -------------------
Disclosures under Schedule 2 (g) of the AIM Rules for
Companies
Appointment of Jossy Rachmantio
Full Name - Jusuf ("Jossy") Handri Rachmantio
Age - 54
Current Directorships
Arctic Bay Ventures Limited
Arctic Bay Energy Limited
Arctic Bay Resources Limited
Bunga Mas International Company Limited
Past Directorships
Sound Oil plc
Mitra Energia Limited
Mr Rachmantio owns no Common Shares
This information is provided by RNS
The company news service from the London Stock Exchange
END
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