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CEB Resources plc has noted the increase in its share price this morning. Whilst the Company is evaluating an investment in oil and gas assets in Indonesia, which would be associated with a fund raising, the discussions are ongoing and there is no guarantee that the transaction will occur. A further announcement will be made in due course.
Separately, Wayne Gibson has increased his holding in the company from 8m shares to 14.6m and now holds 4.68% of the issued share capital at CEB Resources.
For further information, please contact:
CEB Resources plc
Cameron Pearce / Jeremy King
Tel: +44 (0) 1624 681250
Sanlam Securities UK Limited
Lindsay Mair / Andrew Wagstaff
Tel: +44(0) 207 628 2200
Peter House Corporate Finance Limited
Tel: +44 (0) 207 469 0930
Tel: +44 (0) 207 710 9612