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Director appointment

15 Apr 2014 07:00

RNS Number : 7781E
Polo Resources Limited
15 April 2014
 



15 April 2014

 

 

 

Polo Resources Limited

("Polo" or "the Company")

 

Director appointment

 

Polo Resources (AIM and BSX: POL), the natural resources investment company with interests in oil and gas, gold, coal, iron ore and phosphate, announces the appointment of Gary Norman Lye as a Non-Executive Director of the Company with immediate effect.

 

Gary Lye (aged 61) has over 40 years' experience in natural resources having held senior positions with several leading mining companies. He is currently CEO of Asia Energy Corporation (Bangladesh) Pty Ltd., operating subsidiary of GCM Resources plc where he is COO. From 1994 - 2003 he was with Kalgoorlie Consolidated Gold Mines Pty Ltd as manager of strategic mine development at their Super Pit operations in Kalgoorlie, Western Australia.

 

He has previously acted as Manager of Mining Research for CRA in Perth, Western Australia and spent many years with Bougainville Copper Ltd. in Papua New Guinea. Gary has a Master's Degree in Rock Mechanics from the Royal School of Mines in London and an Honours Degree in Geology from the University of Queensland, Australia. He is a member of the Australian Institute of Mining and Metallurgy (AUSIMM).

 

Michael Tang commented: "Gary Lye's wealth of knowledge and extensive experience in natural resources will be of great advantage to the Company and I warmly endorse his appointment."

 

Mr Lye is currently or has within the past 5 years been a director of the following companies:

Current: Asia Energy Corporation Pty Limited, Asia Energy Corporation (Bangladesh) Pty Limited, Asia Energy (Bangladesh) Pvt Limited, GCM Resources Singapore Pte Limited, Smartrider Pty Limited.

Previous: Asia Energy Corporation Pty Limited, Asia Energy Holdings Pty Limited, Asia Mining (Bangladesh) Pvt Limited, GCM Resources plc.

 

Mr Lye holds no shares in Polo. There are no further disclosures under Schedule 2 paragraph (g) of the AIM Rules.

 

The Company also announces that Gary Good has decided to step down as Chief Financial Officer (CFO) of Polo, and would like to thank him for his services to the Company over the last six years. Gary Good will remain as a special advisor and commercial director to a number of the Company's investments.

 

He is replaced as CFO by James Hobson, a Fellow of the Institute of Chartered Accountants in Australia who has 15 years' finance and corporate experience, predominantly in natural resources and international development, including eight years in the AIM environment. He is currently CFO and Company Secretary of GCM Resources plc.

 

 

 

 

 

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) 20 7138 3204

 

 

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 further details on Polo Resources please see the Company's website: www.poloresources.com.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGGUCACUPCGPC
Date   Source Headline
29th Apr 20101:35 pmBUSForm 8.3 - POLO RESOURCES LTD
29th Apr 201011:18 amRNSForm 8.5 (EPT/RI)
28th Apr 20106:22 pmRNSForm 8.5 (EPT/NON-RI)
28th Apr 20102:42 pmRNSForm 8.3 - Polo Resources Limited
28th Apr 20102:01 pmRNSForm 8.3 - Polo Resources Limited
28th Apr 20101:18 pmBUSForm 8.3 - POLO RESOURCES LTD
28th Apr 201011:55 amRNSForm 8 (OPD) Polo Resources Ltd
28th Apr 201011:47 amRNSForm 8.5 (EPT/RI)
27th Apr 20101:36 pmBUSForm 8.3 - POLO RESOURCES LTD
27th Apr 20107:00 amRNSPossible Merger of Polo and Caledon
8th Apr 20109:16 amRNSResignation of Director from Extract Resources
1st Apr 201010:55 amRNSPolo dual lists on the Toronto Stock Exchange
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29th Mar 201011:24 amRNSNeil Herbert appointed Co-Chairman
24th Mar 20107:00 amRNSInterim Results
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3rd Feb 20103:23 pmRNSStrategic Investment Update
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19th Nov 20098:26 amRNSResult of AGM
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28th Oct 20099:35 amRNSNotice of Annual General Meeting
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16th Oct 20094:48 pmRNSFinal Results
13th Oct 20094:16 pmRNSAppointment of Independent Investment Committee
12th Oct 20097:00 amRNSExploration Update
7th Oct 200911:09 amRNSJORC Compliant Maiden Resource Statement
2nd Oct 20098:13 amRNSHolding(s) in Company
15th Sep 20098:39 amRNSHolding(s) in Company
1st Sep 200910:05 amRNSRossing South Exploration Update
26th Aug 20091:19 pmRNSA$91 million equity raising by Extract Resources
20th Aug 20099:43 amRNSHolding(s) in Company
20th Aug 20097:00 amRNSDisposal of investment interest
13th Aug 200911:55 amRNSA-Cap Resources Feasibility Study Update
4th Aug 20097:00 amRNSDevelopment Update

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