25th Sep 2007 12:34
Polo Resources Limited25 September 2007 For immediate release 25 September 2007 Polo Resources Limited (the "Company" or "Polo Resources") Issue of Equity to raise £6,571,100 Polo Resources Limited (AIM: PRL) announces today that it has issued andallotted a total of 131,422,000 ordinary shares at a price of 5p per share toinstitutional and other investors raising £6,571,100. This will increase thecash resources available to support the Company's investment strategy to some£12.77 million which in the opinion of the directors will enable the Company toconsider significant investment opportunities. These ordinary shares rank pari passu in all respects with the existing issuedordinary shares in the Company. Application has been made to the London StockExchange for these shares to be admitted to trading on AIM and admission isexpected to become effective on or around 1 October 2007. At the date of this announcement, including the issue referred to above, theCompany's issued share capital consists of 429,602,000 ordinary shares of no parvalue, with voting rights. For further information, please contact:Polo Resources Limited www.poloresources.comGuy Elliot, Non-Executive Chairman Tel +1 941 284 5954Suresh Hiremath, Finance Director Tel +44 (0) 20 7586 4629 Beaumont Cornish Limited Tel +44 (0) 20 7628 3396Roland CornishRosalind Hill Abrahams This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
POL.L