TORONTO, April 28 /CNW/ - Polo Resources Limited (AIM and TSX: POL) was
today notified 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 28 April 2011, 4,000,000 ordinary shares of no par value
("Ordinary Shares") of the Company at a price of 5.94 pence per share.
Following the purchase, Mr. Dattels is interested in a total of
224,040,835 Ordinary Shares, representing approximately 9.58 per cent.
of the issued ordinary share capital of the Company.
Polo was also today notified that following a purchase of 1,144,432
Ordinary Shares on 28 April 2011 at a price of 5.90 pence per share,
Neil Herbert, Executive Co-Chairman and Managing Director of the
Company, is interested in a total of 79,385,625 Ordinary Shares,
representing approximately 3.39 per cent. of the issued ordinary share
capital of the Company.
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.
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.
SOURCE Polo Resources Limited
For further information:
Polo Resources Limited
+ 27 82 404 36 37
Canaccord Genuity Limited
Andrew Chubb / Bhavesh Patel
+ 44 (0) 20 7050 6500
Heenan Blaikie LLP
+1 416 643 6903
Blythe Weigh Communications
+44 (0) 20 7 138 3204