Takeover eminent otherwise why take such a large stake in these hard times. About time for us hoders to have some good luck???
But do your on research my opinion only??
March 04, 2009
Polo Resources Ltd - Strategic Holding
RNS Number : 2701O Polo Resources Limited 04 March 2009
4th March 2009
POLO RESOURCES LIMITED
("Polo" or the "Company")
Polo Resources Limited (AIM: PRL) today announces the acquisition of a total of £4,700,000 8.5% unsecured convertible loan notes 2010 issued by Caledon Resources Plc (a company incorporated in England and Wales with registered number 3993115) (the "Loan Notes") and the issue of 162,629,750 new Ordinary Shares in the capital of the Company in satisfaction of the consideration of £4,700,000 payable for the Loan Notes. Application for the admission to AIM has been made and is expected on or about 9 March 2009.
Polo is an emerging energy company focused on acquiring and developing advanced stage coal and uranium properties in Asia and Australia. For complete details on Polo Resources Limited, management encourages investors and interested parties to view its public documents at www.poloresources.com.
CCD Price at posting:
35.0¢ Sentiment: None Disclosure: Held
