21 Aug 2014 07:00
20 August 2014
Polo Resources Limited
("Polo Resources" or the "Company")
blackham resources corporate update
Further to the announcement made on 04 August 2014, Polo Resources Limited (AIM: POL), the natural resources investment company with interests in gold, oil and gas, coal, iron ore and phosphate, advises that the Takeovers Panel of Australia (the "Takeovers Panel") has declined to make a declaration of unacceptable circumstances in a response to an application from Blackham Resources Limited (ASX: BLK) ("Blackham"). Blackham was seeking a declaration in relation to the shareholding of the Company in Blackham and potential sale of the relevant shares. Following the conclusions of the proceedings, the Takeovers Panel's interim orders are now at an end.
For further information, please contact:
Polo Resources Limited Kudzayi Denenga, Investor Relations
| + 27 (0) 787 312 919 |
ZAI Corporate Finance Ltd (nominated adviser) Ray Zimmerman, Peter Trevelyan-Clark
| +44 (0) 20 7060 2220 |
Liberum Tim Graham, Thomas Bective
| +44 (0) 20 3100 2000 |
Blytheweigh Tim Blythe, Halimah Hussain | +44 (0) 207 138 3204 |
About the Company
Polo Resources Limited 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, refer to: www.poloresources.com.
CAUTIONARY STATEMENT
The AIM Market of the 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 the future plans and objectives of Polo. 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 assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
The Company's exploration and investment activities may also be affected by a number of risks, including legal, political, environmental, economic, financing, permitting, commodity, exploration and development and other market risks which are normal to the industry and referenced in greater detail in the Company's 2013 Annual Report for the period ending 30 June 2013, which may be found on the Company's website at profile on www.poloresources.com.