Polo Resources Limited WEATHERLY INTERNATIONAL PLC ? INVESTMENT UPDATE (0132M)
25 April 2018 - 4:01PM
UK Regulatory
TIDMPOL
RNS Number : 0132M
Polo Resources Limited
25 April 2018
25 April 2018
Polo Resources Limited
("Polo" or the "Company")
WEATHERLY INTERNATIONAL PLC - INVESTMENT UPDATE
KITUMBA PURCHASE UPDATE
Polo Resources Limited (AIM: POL), the multi-sector investment
company with interests in oil, gold, coal, copper, phosphate,
lithium, iron and vanadium, notes that its investee company,
Weatherly International Plc ("Weatherly") (AIM: WTI) has reported
that further to its announcement of 4 April 2018, it has been
unable to agree to an extension to the Backstop Date with Intrepid
Mines Limited in respect of the agreement to purchase the Kitumba
Project in Zambia, which was originally announced on 12 December
2017. This means that the agreement for the acquisition has
lapsed.
Further information will be included in Weatherly's operations
and production update for the quarter ended 31 March 2018, which is
expected to be announced shortly.
The full details of these announcements can be found at
http://weatherlyplc.com/.
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
Allenby Capital Limited (Nominated
adviser & joint broker)
- John Depasquale +44 (0)20 3328 5657
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, please refer to: www.poloresources.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEELBLVZFLBBK
(END) Dow Jones Newswires
April 25, 2018 02:01 ET (06:01 GMT)
Polo Resources (LSE:POL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Polo Resources (LSE:POL)
Historical Stock Chart
From Apr 2023 to Apr 2024