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13 Jun 2008 15:00
Global Gaming Technologies plc
("the Company" or "GGT")
Restoration and Update
Further to the announcement made by the Company on 11 June 2008, GGT (AIM:GGT) and as previously announced to the market, GGT confirms that it is considering a number of opportunities in the oil and gas sector. Whilst one of the opportunities the Company has reviewed is an oil producing asset based in the United States, the Company confirms that it is no longer a primary target of GGT and that discussions with the potential target, which never advanced beyond a preliminary stage, have now ceased (although it remains on a list of potential targets for future consideration). As a result, trading in the Company's shares will now be restored and GGT is focussing on other opportunities considered to be more attractive.
As stated in previous announcements, whilst discussions with parties in the oil and gas sector have been encouraging, the Company is at a very early stage in its consideration of potential targets, no deal has yet been concluded and there can be no certainty that a transaction will be concluded with any of the potential targets currently under review.
Enquiries:
Nominated advisor and broker:
Neil Johnson/Andrew Chubb, Canaccord Adams Limited tel: +44 (0) 207 050 6500
John Bick, Hansard Group tel: +44 (0)7917 649362
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