POL.L Share News (POL)

Polo Resources Sub-Underwriting Celamin Issue, Increasing Stake

Polo Resources increases stake in Australian gold company

AIM-listed natural resources investment group Polo Resources announced it will increase its stake in Australian gold exploration company Blackham Resources. The group, which purchased a 4.2% stake in Blackham in March, will subscribe for 49% of the enlarged capital of Perfectus Management which in

Polo Resources Delists In Bermuda To Help AIM Investors

LONDON (Alliance News) - AIM-listed Polo Resources Ltd Friday said its ordinary shares were delisted from the Bermuda Stock Exchange, a move that will facilitate the removal of stamp duty on dealings in its AIM-listed stock. "Following a change in the UK tax rules, UK investors can now hold

Polo Resources buys interest in Australian gold explorer

Polo Resources, the AIM-listed natural resources investment group, announced that it will buy a 4.2 per cent stake in West Australian gold explorer Blackham Resources. Polo said on Wednesday afternoon it will acquire 4.76m shares at 21 cents per share for A$1m, giving it a holding of 4.2%. Blackha

UPDATE: Polo Resources Buys Stakes In 2 ASX Firms For AUD2.2 Million

LONDON (Alliance News) - Polo Resources Ltd Wednesday said it is taking part in the share placings of two Australian Stock Exchange-listed miners, investing a total of AUD2.2 million. Polo said it is participating in a share placement in ASX-listed gold explorer Blackham Resources Ltd for 4

Polo Resources Acquires 12.7% Stake In Celamin Holdings NL

LONDON (Alliance News) - Polo Resources Ltd Wednesday said it has taken up a placement by Celamin Holdings NL for a 12.7% stake in the company in return for an investment of AUD1.2 million. The natural resources and mine development investment company said Celamin is an excellent opportunit

Polo Resources buys small stake in Tunisia-focused phosphate producer

Natural resources investment firm Polo Resources has acquired a small stake in North Africa-focused phosphate producer Celamin. Polo said it has taken up a placement by Sydney-listed Celamin, representing a 12.7% interest for an investment of A$1.2m (£0.66m). "This is an excellent opportunity for

Polo Resources Cuts Interim Loss, Set For USD22.8 Million From Signet

LONDON (Alliance News) - Polo Resources PLC said Monday its pretax loss narrowed significantly in its first half, and it expects to receive USD22.8 million from a share buy-back offer by a portfolio company. The natural resources and mine development investment company said its pretax loss

Polo Resources To Mull Signet Petroleum Proposed Share Buyback

LONDON (Alliance News) - Polo Resources Ltd, a natural-resources investment company, said Wednesday that Signet Petroleum Ltd, a company in which it holds a 42% stake, has proposed a share buyback to its shareholders following the sale of an interest in two blocks in Namibia. Polo said its

Polo Resources Expects Significant Return From Signet Share Buyback

LONDON (Alliance News) - Polo Resources Ltd Wednesday said it expects a "significant" return as a result of a share buyback by Signet Petroleum Ltd, in which it holds a 42% stake. The buyback was possible because Signet has sold its interests in block 2913A/2914B in Namibia to a "major inte

Polo Resources Finance Director Ian Burns Retires

LONDON (Alliance News) - Natural-resources investment company Polo Resources Ltd Wednesday said Finance Director Ian Burns is retiring. Polo Resources said Burns expressed his wish to retire at the company's annual general meeting. Gary Good, chief financial officer since 2008, will c

Sula Iron & Gold Receives Independent Valuation Of Ferensola

LONDON (Alliance News) -Sula Iron & Gold PLC Tuesday said an independent valuation of the company's Ferensola Project has been prepared by mining consultants SRK Exploration Services. The multi-commodity exploration company focused on Sierra Leone said SRK has suggested a minimum value for

Polo Resources Says Strategic Alternatives Process At Signet Progressing Well

Polo Resources encouraged by drilling in Sierra Leone

Diversified natural resources investment firm Polo Resources is waiting on an updated resource estimate from its 90 per cent-owned Sierra Leone gold mining unit Nimini Holdings but has been encouraged by drilling results so far. The company said on Tuesday morning that it has now received all assay