30 Mar 2011 07:00
30 March 2011
Polo Resources Limited
("Polo Resources", "Polo" or "the Company")
Director's Share Dealings
Polo Resources Limited (AIM and TSX: POL) was notified on 29 March 2011 that Regent Mercantile Holdings Limited, a company which is wholly owned by the trustee of a trust under which Stephen R. Dattels, Executive Co-Chairman of the Company is a beneficiary, purchased, on the same day, 12,000,000 ordinary shares of no par value ("Ordinary Shares") of the Company at a price of 5.25 pence per share.
Following the purchase, Mr. Dattels is interested in a total of 213,676,007 Ordinary Shares, representing approximately 9.04 per cent. of the issued ordinary share capital of the Company.
- Ends-
Contacts:
Polo Resources Limited
Catherine Sugarman
Company Secretary
+ 27 82 404 36 37
Canaccord Genuity Limited
Andrew Chubb / Bhavesh Patel
+ 44 (0) 20 7050 6500
Toronto
James McVicar
Heenan Blaikie LLP
+1 416 643 6903
Blythe Weigh Communications
Tim Blythe
Ana Ribeiro
Matthew Neal
+44 (0) 20 7 138 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. The Company will primarily invest in companies with producing assets and/or resources and reserves that have been verified under internationally recognised reporting standards. For complete details on Polo Resources: www.poloresources.com.
CAUTIONARY STATEMENT
The AIM Market of 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 potential values, the future plans and objectives of Polo Resources Limited. 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 Resources Limited assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.