29th Aug 2013 11:59
29 August 2013
Polo Resources Limited("Polo" or "the Company")
PARTICIPATION IN GCM RESOURCES PLACING
Polo Resources Limited (AIM: POL and BSX: POL), the natural resources investment company with interests in gold, oil and gas, coal and iron ore, announces that it has agreed to participate in a conditional placing by GCM Resources plc ("GCM") of 11,700,007 shares at 19.8p per share, raising £2,316,601. Polo's agreed participation is 2,272,727 shares which will, on completion of the placing, result in its interest in GCM being diluted from 29.8 per cent. to 27.8 per cent. The full text of the GCM announcement may be read at http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11692393.
For further information, please contact:
Polo Resources Limited Ian Burns, Finance Director | +27 787 312 919 |
ZAI Corporate Finance Ltd (nominated adviser) Ray Zimmerman, Peter Trevelyan-Clark, Steve Feng | +44 (0) 20 7060 2220 |
Liberum Capital Tim Graham, Thomas Bective | +44 (0) 20 3100 2000 |
Blythe Weigh Communications Tim Blythe, Halimah Hussain
| +44 (0) 207 138 3204 |
CAUTIONARY STATEMENT
The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of Polo Resources Limited. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.
Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Polo Resources Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
The Company's exploration and investment activities may also be affected by a number of risks, including legal, political, environmental, economic, financing, permitting, commodity, exploration and development and other market risks which are normal to the industry and referenced in greater detail in the Company's 2012 Annual Report for the period ending June 30, 2012, filed on the Company's profile on www.sedar.com.
Related Shares:
POL.L