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Polo Resources Limited RNS Release

BLACKHAM RESOURCES - INVESTMENT UPDATE

RNS Number : 5788W
Polo Resources Limited
10 February 2017
 

10 February 2017

 

 

 

Polo Resources Limited

 

("Polo" or the "Company")

 

 

BLACKHAM RESOURCES - INVESTMENT UPDATE

 

Polo Resources Limited (AIM: POL), the multi-sector investment company with interests in oil, gold, coal, copper, phosphate, iron and vanadium, is pleased to announce that its investee company, Blackham Resources Limited ("Blackham") (ASX: BLK) has raised A$35 million through a placement which was heavily oversubscribed and received strong institutional support from both existing and new shareholders. The placement proceeds will be used at Blackham's 100% owned 6.4Moz Matilda/Wiluna Gold Operation to fast track its existing growth strategy.

 

The full details of Blackham's announcement can be found at:

http://blackhamresources.com.au/documents/35m-placement-expedite-expansion-plans/

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

 

For further information, please contact: 

  Polo Resources Limited

  Kudzayi Denenga, Investor Relations

++27 (0) 787 312 919



  ZAI Corporate Finance Ltd (nominated adviser)

  Ray Zimmerman, John Treacy

 

++44 (0) 20 7060 2220

  Liberum Capital (broker)

  Henry Freeman

++44 (0) 20 3100 2000

 

  Blytheweigh (public relations)

  Tim Blythe, Nick Elwes, Camilla Horsfall

++44 (0) 207 138 3204 

 

 

About the Company

 

Polo Resources Limited is a multi-sector investment company focused on investing in undervalued companies and projects with strong fundamentals and attractive growth prospects. For complete details on Polo, refer to: www.poloresources.com.

 

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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