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CEB Resources plc, the mining and natural resources investment company has completed a placing with clients of Cornhill Capital Limited of 50,000,000 ordinary shares in the Company at a price of 0.2p per Share. The gross proceeds of the Placing are £100,000 which will principally be used to evaluate transactions in the oil and gas sectors in accordance with the Company’s investing policy.
Application will be made to the London Stock Exchange for the admission of the New Ordinary Shares to trading on AIM and it is expected that Admission will occur and that trading in the new ordinary shares will commence at 8.00 am on 11 May 2015. The New Ordinary Shares will rank pari passu in all respects with the Company’s existing issued ordinary shares.
Following Admission of the New Ordinary Shares the Company will have an enlarged issued share capital of 311,897,303 ordinary shares.
The Company further announces that Cornhill have been appointed as a joint broker to the Company. For further information, please contact:
CEB Resources plc
Cameron Pearce / Jeremy King +44 (0) 1624 681250
Sanlam Securities UK Limited
Lindsay Mair / Andrew Wagstaff +44(0) 207 628 2200
Peter House Corporate Finance Limited
Lucy Williams +44 (0) 207 469 0930
Cornhill Capital Limited
Nick Bealer +44 (0) 207 710 9612