10 Feb 2017 07:00
10 February 2017
Polo Resources Limited
("Polo" or the "Company")
BLACKHAM RESOURCES - INVESTMENT UPDATE
Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, is pleased to announce that its investee company, Blackham Resources Limited ("Blackham") (ASX: BLK) has raised A$35 million through a placement which was heavily oversubscribed and received strong institutional support from both existing and new shareholders. The placement proceeds will be used at Blackham's 100% owned 6.4Moz Matilda/Wiluna Gold Operation to fast track its existing growth strategy.
The full details of Blackham's announcement can be found at:
http://blackhamresources.com.au/documents/35m-placement-expedite-expansion-plans/
This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
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, John Treacy
| ++44 (0) 20 7060 2220 |
Liberum Capital (broker) Henry Freeman | ++44 (0) 20 3100 2000
|
Blytheweigh (public relations) Tim Blythe, Nick Elwes, Camilla Horsfall | ++44 (0) 207 138 3204 |
About the Company
Polo Resources Limited is a multi-sector 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.