Bassist Simon Jones and drummer Mark Heaney exit - putting the star's new project back indefinitely..

Ex-Stone Roses guitarist John Squire has parted company with ex-Verve bassist SIMON JONES and SEAHORSES drummer MARK HEANEY, putting his new project back until early next year.

Squire is understood to be still working with newcomer singer Duncan Baxter, and plans to go into the studio next week to start recording new material. The plan is to release a new single in January – Squire‘s first since Seahorses split in February 1999.

A spokesman for John Squire‘s management told “We are reassessing the situation. He’s got an open book and wants to make some music. We’re negotiating with people.”