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Polo Resources Limited : Announces Share Consolidation

01/31/2013 | 01:35pm US/Eastern
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Polo Resources Limited (AIM and TSX: POL) is pleased to announce that following the approval of its shareholders at its Annual General Meeting held on 30 January 2013, every 10 existing ordinary shares of no par value ("Existing Ordinary Shares") that are in issue as at 5.00 p.m. on 6 February 2013 will be consolidated into one new ordinary share of no par value ("New Ordinary Share").  The New Ordinary Shares arising on implementation of the share consolidation will have the same rights as the Existing Ordinary Shares, including voting, dividend and other rights; the Company's new ISIN code will be VGG6844A1158 and the new SEDOL code will be B97NPC1.

An application has been made for the New Ordinary Shares to be admitted to trading on AIM and this is expected to become effective at 8.00 a.m. on 7 February 2013.  There are no shares held in treasury. 

For further information please contact:

Polo Resources Limited

Ian Burns, Finance Director

 

+27 787 312 919

Investec

Neil Elliot, Chris Sim, George Price

+44 (0) 207 597 4000

Liberum Capital

Chris Bowman, Tim Graham

+44 (0) 20 3100 2228

Blythe Weigh Communications

Tim Blythe, Robert Kellner

+44 (0) 20 7138 3204

Toronto

Borden Ladner Gervais LLP

Jeffery Barnes, Syed Habeeb

+1 416 367 6459

About the Company
Polo Resources is a natural resources investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For further details on Polo Resources please see our website: www.poloresources.com.

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.

To view this press release as a webpage, please click on the following link:

http://www.usetdas.com/pr/polojan312013.htm

Polo Resources Limited
Ian Burns, Finance Director
+27 787 312 919
or
Investec
Neil Elliot, Chris Sim, George Price
+44 (0) 207 597 4000
or
Liberum Capital
Chris Bowman, Tim Graham
+44 (0) 20 3100 2228
or
Blythe Weigh Communications
Tim Blythe, Robert Kellner
+44 (0) 20 7138 3204
or
Toronto
Borden Ladner Gervais LLP
Jeffery Barnes, Syed Habeeb
416-367-6459


© Business Wire 2013
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