TORONTO, Aug. 13 /CNW/ - Polo Resources Limited (AIM and TSX: POL) announces that it received notification yesterday that on 12 August 2010, Guy Elliott (Senior Non-Executive Director of the Company) disposed of 35,999,999 shares in the Company at a price of 6.3 pence per share. In addition, on the same day, Mr. Elliott's family trust (The Elliott Family Irrevocable Trust) disposed of 200,000 shares in the Company at a price of 6.4 pence per share.
As a result of these dealings, Mr. Elliott no longer holds an interest in the issued share capital of Polo.
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: For further information: Polo Resources Limited: Neil Herbert, Executive Co-Chairman, + 27 82 404 36 37; Canaccord Genuity Limited: Ryan Gaffney, Bhavesh Patel, + 44 (0) 20 7050 6500; Toronto: James McVicar, Heenan Blaikie LLP, +1 416 643 6903; Financial Dynamics: Ben Brewerton, Ed Westropp, + 44 (0) 20 7831 3113