The Board of Directors of Sefton has been informed that the prospective replacement Nominated Adviser introduced by the proposed new directors (Clement Chambers as Interim CEO and Michael Hodges as Non-Executive Director of the Company) has decided not to proceed. Allenby Capital Limited, the Company's existing Nominated Adviser, has confirmed to the Board that while it will continue to act and support the current Board, it will resign at the same time as the appointment of the Proposed Directors and the resignation of Tom Milne and Keith Morris as announced on 29 September 2015.

Under the AIM Rules for Companies, any company that does not have a Nominated Adviser has its admission to trading on AIM immediately suspended, and if a new Nominated Adviser is not appointed within one month of the previous Nominated Adviser ceasing to act, then the admission to trading on AIM of its shares will be cancelled.

Tags: Sefton Resources