Polo Resources (PRL), the AIM listed mining company with uranium and coal interests in Africa, Australia and Asia, is pleased to report that it has acquired additional shares in Extract Resources Limited ("Extract"), increasing Polo and its associates' aggregate interest in Extract to 25,027,849 ordinary shares of Extract representing 10.32% of the issued ordinary share capital of Extract. Polo is directly interested in 9.26% of Extract's issued share capital or 22,450,849 ordinary shares.
Neil Herbert, Managing Director of Polo Resources, said:
"We have continued to increase our investment in Extract throughout 2009 reflecting the exceptional drill results achieved at Extract's Rossing South project. We continue to fully support Extract and its development plans. The rapid progress being made in advancing this exceptional uranium project will continue to create value for Polo as Extract builds on its current mineral resource basis for the ongoing Feasibility Study."
Me too :)
Cheers, Skip
EXT Price at posting:
$8.57 Sentiment: Buy Disclosure: Held
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