Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Polo Resources boosts stake in Australian gold explorer

Commodity investor issues shares to pay for bigger stake in Blackham Resources
Polo Resources boosts stake in Australian gold explorer
The deal will give Polo an 8.11% stake in Blackham

Commodity investor Polo Resources Limited (LON:POL) is issuing 9,832,358 new ordinary shares to pay for increasing its stake in Australian gold explorer Blackham Resources Limited (ASX:BLK).

It said on Friday that it had applied to get the consideration shares admitted to trading on AIM on Monday July 25, after which Polo's enlarged issued share capital will amount to 311,789,151 ordinary shares.

Polo has interests in oil, gold, coal, copper, phosphate, iron and vanadium.

The deal will result in its undiluted interest in Blackham rising to about 8.11% from its current combined direct and indirect holding of about 6.97%.

Phil-Waller.jpg


Register here to be notified of future POL Company articles
View full POL profile View Profile

Polo Resources Limited Timeline

Related Articles

Picture of coal
May 10 2017
Pakistan has its problems but there is an improving degree of political stability,
Aspire Mining: Access latest PPT from Proactive's CEO Sessions
April 13 2017
David Paull talked world-class deposit and infrastructure options with investors.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use