Polo Resources announces that it has today posted a circular to shareholders convening a general meeting ("General Meeting") of the Company to be held at The Walter Room, St. James Concert & Assembly Hall, College Street, St. Peter Port, Guernsey, GY1 2NZ on 28 December 2011 at 11.30 a.m. GMT for the purpose of considering a resolution to approve a proposed expansion of the Company's investing policy.
The Directors believe that expanding the investing policy to include investment in companies providing drilling, processing, transportation and/or ancillary support services to mining and oil and gas companies reflects the preferred strategy of the Company moving forward whilst providing the Directors with greater flexibility to utilise the Company's existing cash reserves to take advantage of investment opportunities at all stages of the resources' cycle.
The Directors are currently reviewing potential investment and acquisition opportunities in line with the proposed investment policy, but have not, at this stage, entered into any firm commitment in connection with any investments or acquisitions. The Directors believe that current market conditions will provide excellent opportunities for a positive return from the above investments.
Copies of the circular are available free of charge from the Company's Registered Office at Craigmuir Chambers, Road Town, Tortola, British Virgin Islands VG 1110, and on the Company's website at www.poloresources.com.
For further information, please contact:
Polo Resources Limited
Ian Burns, Finance Director
+ 27 82 404 36 37
Matthew Tyler, Neil Elliot, George Price
+44 (0) 20 7071 4300
Chris Bowman, Tim Graham
+44 (0) 20 3100 2228
Blythe Weigh Communications
Tim Blythe, Ana Ribeiro, Matthew Neal
+44 (0) 207 138 3204
Borden Ladner Gervais LLP
Jeffery Barnes, Terence Lui
+1 416 367 6229
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 complete details on Polo Resources: www.poloresources.com.
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.
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