Polo Resources Limited (AIM:POL) agreed to acquire an additional 4.99% stake in Blackham Resources Limited (ASX:BLK) from Perfectus Management Ltd. for £0.72 million on November 19, 2015. Under the terms of transaction, Polo Resources will issue 25 million share to Perfectus Management and application will be made for the 25.02 million new ordinary shares, which rank pari passu with Polo's existing issued ordinary shares, to be admitted to trading on AIM. Pre deal, Polo Resources Limited own 2.37% stake and post deal, it will hold 7.36% stake in Blackham Resources Limited.

Admission is expected to become effective on or around November 24, 2015. Upon completion, Polo Resources will hold 7.4% stake in Blackham Resources. Ray Zimmerman and Peter Trevelyan-Clark of ZAI Corporate Finance Limited act as financial advisor while Christopher Britton of Liberum Capital act as broker and Tim Blythe and Camilla Horsfall of Blytheweigh act as PR advisor for Polo Resources.