19th Jun 2019 18:22
(Alliance News) - Polo Resources Ltd said Wednesday it has invested AUD75,000, or around GBP40,000, in Tunisian phosphate and mineral and development company Celamin Holdings Ltd.
The multi-sector investment company has subscribed for a further 1.5 million new shares in Celamin, by exercising the option granted to the company earlier in June. Celamin, in total, has received AUD180,125 in additional funds following the exercise of over 95% of its unlisted options.
Polo owns 27.7 million Celamin shares representing 18.97% of Celamin's issued shares
Shares in Polo closed at 3.83 pence each, down 4%.
Related Shares:
POL.L