TIDMPOL

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

END

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February 10, 2017 02:00 ET (07:00 GMT)

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