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Polo Resources issues 9.8m shares to buy Perfectus Management

Fri, 15th Jul 2016 11:11

(ShareCast News) - Natural resources investment company Polo Resources said on Friday it was issuing about 9.8m new ordinary shares to buy a further 49% of Perfectus Management for $3m at the 2014 agreed price of 15p per share.The ordinary shares will rank alongside the company's existing issued ordinary shares and will be admitted on AIM on 25 July. Polo Resource's enlarged issued share capital will be about 311.7m ordinary shares.One share will have one voting right and the company does not hold any ordinary shares in treasury.Perfectus Management had unaudited net assets of $4.68m or £3.24m as of 24 May.Perfectus owns about 5.8m ordinary shares or 2.3% in Blackham Resources' issued fully paid ordinary share capital. Polo Resources holds a further 14.7m or 5.83% Blackham Resources ordinary shares.Shares in Polo Resources were up 6.96% to 6.15p at 1151 BST.
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22 Nov 2019 14:44

Polo Resources Notes Hibiscus's First-Quarter Results, Future Targets

Polo Resources Notes Hibiscus's First-Quarter Results, Future Targets

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7 Oct 2019 16:01

UPDATE: Polo Resources Investee Buys Two United Oil North Sea Blocks

UPDATE: Polo Resources Investee Buys Two United Oil North Sea Blocks

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23 Sep 2019 14:41

Polo Resources' Celamin Wins Final Appeal Over Chaketma Project

Polo Resources' Celamin Wins Final Appeal Over Chaketma Project

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16 Sep 2019 13:15

Polo Resources To Impair USD4 Million Plinian Guernsey Loan

(Alliance News) - Polo Resources Ltd on Monday said it has has trouble recovering a USD4.2 million loan made to Plinian Guernsey Ltd and intends to impair it.Shares in Polo were down 3.2% A

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20 Aug 2019 17:20

Polo Resources Notes Profit Growth By Investee Hibiscus Petroleum

(Alliance News) - Polo Resources Ltd on Tuesday said investee firm Hibiscus Petroleum Berhad posted a recent annual profit rise.Shares in Polo Resources closed down 9.6% at 3.00 pence in an

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20 Aug 2019 11:38

Polo Resources's Hibiscus Completes St Joseph Infill Drilling Campaign

(Alliance News) - Polo Resources Ltd noted Tuesday an announcement by its 8.8% investee, Malaysian oil & gas firm Hibiscus Petroleum Bhd, that it has completed the St Joseph infill drilling in

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24 Jul 2019 14:23

Polo Resources Investee's Unit Achieves First Oil In St Joseph Project

(Alliance News) - Polo Resources Ltd on Wednesday said Hibiscus Petroleum Berhad's subsidiary SEA Hibiscus Sdn Bhd has drilled and completed the SJ-105A well.Polo Resources holds 8.8% a

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19 Jun 2019 18:22

Polo Resources Invests AUD75,000 In Tunisian Phosphate Miner Celamin

(Alliance News) - Polo Resources Ltd said Wednesday it has invested AUD75,000, or around GBP40,000, in Tunisian phosphate and mineral and development company Celamin Holdings Ltd.The has a

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7 May 2019 12:46

Polo Resources Says Cook Water Injection Project On Track

LONDON (Alliance News) - Polo Resources Ltd on Tuesday said the water injection project at the Cook oil field is on track to complete as planned and oil water contact was deeper than is located in

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29 Mar 2019 11:38

Polo Resources Warns On Brexit Uncertainties As Interim Loss Widens

LONDON (Alliance News) - Polo Resources Ltd on Friday reported a widened loss in the first half of its current financial year as it booked a loss on some investment sales.For the six months

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13 Mar 2019 18:22

Phronimos Urges Polo Resources Consider Capital Return Amid Discount (ALLISS)

LONDON (Alliance News) - Phronimos Capital LLC urged Polo Resources after the market close on Wednesday to respond to a proposal to return capital to shareholders after receiving further support -

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4 Mar 2019 13:10

Polo Investee Controlled Firm On Track To Execute Guillemot Well

LONDON (Alliance News) - Polo Resources Ltd said that a controlled company of its investee Hibiscus Petroleum Berhad is on track to execute the Guillemot GUA-P1 side-track well located offshore a

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27 Feb 2019 09:55

CORRECT (Feb 13): Investment Advisor Urges Polo Resources Tender Offer

(Correcting that Phronimos Capital was writing on behalf of clients and other concerned shareholders totalling 14%, not that its clients own 14%, of Polo Resources.)LONDON (Alliance News) -

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14 Feb 2019 14:31

Polo Resources Not Looking At Selling Any Current Investments

LONDON (Alliance News) - Polo Resources Ltd on Thursday said it has no plans to dispose of any of its investments, responding to press reports.On Thursday, Phronimos Capital LLC, owning 14%

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13 Feb 2019 10:43

WINNERS & LOSERS SUMMARY: Tullow Oil Up 6% After Reinstating Dividend

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Smurfit

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