PRL Polo Res.(See LSE:POL)

 

TIDMPRL 
 
RNS Number : 7086A 
Polo Resources Limited 
13 October 2009 
 

13 October 2009 
 
 
 
Polo Resources Limited 
("Polo" or "the Company") 
 
 
Appointment of Independent Investment Committee 
 
 
Polo Resources (PRL), the AIM listed mining company with uranium and coal 
interests in Africa, Australia, Europe and Asia, is pleased to report that an 
Independent Investment Committee has been created as a sub-committee of the 
Board of Directors to oversee the significant investments Polo has in Extract 
Resources Limited, Caledon Resources plc and GCM Resources plc. 
 
 
The committee has been set up to monitor the performance of these investments 
and reports to the Board of Directors accordingly, making recommendations on 
both potential investments and divestments.  The committee is chaired by Guy 
Elliot (Senior Non-Executive Director) and has two further directors, Neil 
Herbert (Managing Director) and Bryan Smith (Non-Executive Director). 
 
 
- Ends - 
 
 
Contacts: 
 
 
+--------------------------------------------------+------------------------+ 
| Polo Resources Limited                           | + 27 82 404 36 37      | 
| Neil Herbert, Managing Director                  |                        | 
|                                                  |                        | 
+--------------------------------------------------+------------------------+ 
| Canaccord Adams Limited                          | + 44 (0) 20 7050 6500  | 
| Mike Jones/Ryan Gaffney                          |                        | 
|                                                  |                        | 
+--------------------------------------------------+------------------------+ 
| Financial Dynamics                               | + 44 (0) 20 7831 3113  | 
| Ben Brewerton / Ed Westropp                      |                        | 
|                                                  |                        | 
+--------------------------------------------------+------------------------+ 
 
 
 
 
About the Company 
Polo is an emerging energy company currently focused on acquiring and developing 
advanced stage uranium and coal projects. For complete details on Polo Resources 
Limited, management encourages investors and interested parties to view its 
public documents filed on AIM Exchange at www.poloresources.com. 
 
 
CAUTIONARY STATEMENT 
The AIM Market of London Stock Exchange plc does not accept responsibility for 
the adequacy or accuracy of this release. No stock exchange, securities 
commission or other regulatory authority has approved or disapproved the 
information contained herein. All statements, other than statements of 
historical fact, in this news release are forward-looking statements that 
involve various risks and uncertainties, including, without limitation, 
statements regarding potential values, the future plans and objectives of Polo 
Resources Limited. There can be no assurance that such statements will prove to 
be accurate, achievable or recognizable in the near term. Actual results and 
future events could differ materially from those anticipated in such statements. 
These and all subsequent written and oral forward-looking statements are based 
on the estimates and opinions of management on the dates they are made and are 
expressly qualified in their entirety by this notice. Polo Resources Limited 
assumes no obligation to update forward-looking statements should circumstances 
or management's estimates or opinions change. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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