Polo acquires 150 million warrants in the Company


 

TIDMPRL 
 
RNS Number : 3840J 
Polo Resources Limited 
30 March 2010 
 

30 March 2010 
 
 
               Polo Resources Limited 
("Polo" or "the Company") 
 
                Polo acquires 150 million warrants in the Company 
 
Polo Resources (AIM:PRL), is pleased to announce that warrants to subscribe for 
150,000,000 ordinary shares in the Company have been surrendered for a cash 
consideration of GBP1,000,000. The warrants were issued in May 2009 with an 
expiry date of 30 November 2010 and an exercise price of 4 pence per share. 
These warrants will be cancelled with immediate effect. 
 
Contacts: 
 
Polo Resources Limited 
Neil Herbert, Chairman 
+ 27 82 404 36 37 
 
Canaccord Adams Limited 
Ryan Gaffney / Bhavesh Patel 
+ 44 (0) 20 7050 6500 
 
Financial Dynamics 
Ben Brewerton / Ed Westropp 
+ 44 (0) 20 7831 3113 
 
About the Company 
Polo is an emerging energy company focused on acquiring and developing advanced 
stage coal and uranium properties. For complete details on Polo Resources 
Limited, management encourages investors and interested parties to view its 
public documents filed on AIM Exchange at 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. 
 
ENDS 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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Polo Res.(See LSE:POL) (LSE:PRL)
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