11th May 2015 12:09
LONDON (Alliance News) - CEB Resources PLC Monday said it is evaluating an investment in oil and gas assets in Indonesia and there would be an associated fund raising, although there's no guarantee that the deal will go ahead.
The mining investor noted that its share price had increased early Monday, and said it will make a further announcement in due course.
A separate disclosure to the London Stock Exchange showed that Wayne Gibson had increased his stake in the company's voting rights to 4.68% by buying 6.6 million shares, meaning he now holds 14.6 million shares.
CEB Resources shares were up 45.2% at 0.530 pence Monday afternoon.
By Steve McGrath; [email protected]; @stevemcgrath1
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