Polo Resources Limited ('Polo Resources' or 'the Company') - TR1 Notification

TORONTO, July 19 /CNW/ - The Company (AIM andTSX: POL) was notified on 19 July 2010 by Laxey Partners Ltd of the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).

    
    Reason for notification - An acquisition or disposal of voting rights

    Full name of person(s) subject to the notification obligations - Laxey
    Partners Ltd

    Full name of shareholder if different - Credit Suisse Client Nominees UK
    Ltd

    Date of Transaction:                                        16 July 2010

    Threshold crossed or reached                                    Under 4%


    Situation previous to the triggering transaction:

    Number of Shares:                                             94,750,000

    Number of Voting Rights:                                      94,750,000


    Resulting situation after the triggering transaction:

    Number of Shares:                                                      0

    Number of Voting Rights (Direct):                                    nil

    Number of Voting Rights (Indirect):                                  nil


    Percentage of Voting Rights (Direct):                                nil

    Percentage of Voting Rights (Indirect):                              nil
    

For further information: Polo Resources Limited, Tel: [phone], Neil Herbert, Executive Co-Chairman; Canaccord Genuity Limited, Tel: [phone], Ryan Gaffney, Bhavesh Patel; Financial Dynamics, Tel: [phone], Ben Brewerton, Edward Westropp