ADV.L Regulatory News (ADV)

24 January 2014

CEB Resources plc

("CEB" or "the Company")

GBP369,750 Placing

CEB Resources plc (AIM: CEB), the mining projects investment company, is pleased to announce that it has raised gross proceeds of £369,750 through the placing ("Placing") of 52,821,429 new ordinary shares in the Company at 0.70p per share ("Placing Shares").

In connection with the Placing, the Company will enter into a warrant instrument pursuant to which the Company will issue one warrant to each placee for every two Placing Shares held by that shareholder (rounded down to the nearest whole number) ("Warrant Instrument"), exercisable at 1p per share.

The funds raised will be used to assess new investment opportunities for the Company.

Application has been made for the Placing Shares, which will rank pari passu with the existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on or around 29th January 2014. Following Admission, the total number of voting rights in the Company will be 199,611,179 ordinary shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under FCA's Disclosure and Transparency Rules.

Entry into the Warrant Instrument is conditional on admission of the Placing Shares. The warrants held by a placee may be exercised by that shareholder at any time within 60 months of the Admission and shall entitle the Placee to be issued with one Ordinary Share for each Warrant exercised, subject to payment of an amount equal to 1p for each Warrant exercised. The Warrants will not be admitted to trading on AIM.

Cameron Pearce, CEB Resources Chairman, commented;

"There are a number of investment opportunities being considered by the Company and additional working capital is required to put the Company in the position to be considered for these opportunities including the option over the Australian Peelwood Zinc-Copper project as announced 18 December 2013."

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11809512

Further information, please contact:

http://www.cebresources.com/