Polo Resources Limited Celamin Holdings Ltd - Investment Updates (1123K)
11 December 2018 - 9:41PM
UK Regulatory
TIDMPOL
RNS Number : 1123K
Polo Resources Limited
11 December 2018
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.
11 December 2018
Polo Resources Limited
("Polo" or the "Company")
CELAMIN HOLDINGS LTD - INVESTMENT UPDATES
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 20.53% investee company
Celamin Holdings Limited ("Celamin") (ASX: CNL), has announced
changes to its Board of Directors.
Following a review of the company's current lifecycle,
reinstatement to official quotation on the Australian Securities
Exchange in June 2018 and successful completion of its recent
capital raising to continue all of Celamin's activities in Tunisia,
the changes reflect a turning point in the evolution of the company
after over 3 years in legal proceedings.
In this regard;
- Mr Martin Broome and Ms Sue-Ann Higgins have tendered their
resignations as Director's of the company; and
- Mr Robin Widdup and Mr Simon Eley have been appointed as Director's of the company.
As announced on 21 November 2018, Robin Widdup was appointed as
an Alternate Director to Mr Tim Markwell. Robin will now cease this
role and continue as a Non-Executive Director of the company
bringing 40 years of mining industry and equity market
experience.
Mr Simon Eley, the company's Chief Executive Officer has also
been appointed as an Executive Director of the company, further
adding to the Board's skills by bringing extensive experience in
business development, mergers and acquisitions, and international
joint venture arrangements.
The full details of this announcements can be found at
http://www.celaminnl.com.au/.
For further information, please contact:
Polo Resources Limited
- Kudzayi Denenga, Investor Relations +27 (0) 787 312 919
Allenby Capital Limited (Nominated
adviser & broker)
- John Depasquale +44 (0)20 3328 5657
Blytheweigh (Public relations)
- Julia Tilley, Jane Lenton, Fergus
Cowan +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.
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END
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