The Board of Directors of Sefton confirms regarding the requisition for an extraordinary general meeting of shareholders which proposed:

1.the removal of Thomas Milne, Keith Morris and Raylene Whitford as Directors of the Company; and 2.the appointment of Clement Chambers as Interim CEO and Michael Hodges as Non-Executive Director of the Company,

that discussions have taken place between Mr Chambers and Jossy Rachmantio, the Company's Executive Chairman.

As announced on 10 September 2015, Mr Milne had decided to stand down at the next Annual General Meeting of the Company, and as announced on 18 September 2015, Ms Whitford has resigned from the Board for personal reasons.

It has been agreed by the Board and the Proposed Directors that they will jointly progress the appointment of the Proposed Directors to the Board and the concurrent resignations of Mr Milne and Mr Morris, and that these changes to the Board will occur in October 2015. A further announcement will be made once the date of the Board Changes is agreed.

Tags: Sefton Resources