CEB.L Share News (CEB)

Shares in CEB Resources declined on Thursday morning after trading was restored following its suspension on 12 May.During the suspension the group carried out a placing of 406.25m shares at 0.4p each, raising £1.5m.This was announced on 5 June, when the company also revealed it had appointed a new chief executive officer, David Whitby.Whitby is a partner at Corsair Petroleum, which has agreed with CEB that it will assign a participating interest in a vehicle that intends to consider and, if applicable, apply for two oil and gas concessions in Indonesia.The share price had declined 1.23% to 0.538p by 12:09.