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Sefton Resources provides an update regarding proposed refinancing


Published Jun 5, 2014
Sefton Resources, Inc.

The Board of Sefton wishes to advise shareholders of their efforts to re-finance the Group.

Discussions are continuing with the Bank and the Funder, Hawker Energy LLC (a wholly owned subsidiary of Sara Creek Gold Corp.) and affiliates, regarding the Group's existing borrowing facilities.

The Company has entered into an Inter-creditor Agreement, dated 2 June 2014, with the Bank and Funder to extend the time available to the Company to repay the Bank in full.

Tags: Sefton Resources




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