Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/sefton-resources-provides-an-update-regarding-prop.shtmlSefton Resources provides an update regarding proposed refinancing
The Board of Sefton wishes to advise shareholders of their efforts to re-finance the Group.
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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.
