Director/PDMR Shareholding


 

TIDMPRL 
 
RNS Number : 6374T 
Polo Resources Limited 
09 June 2009 
 

9 June 2009 
 
 
Polo Resources Limited 
("Polo" or the "Company") 
 
 
Polo grants options to new directors and additional warrants to Peabody 
 
 
Polo Resources (PRL), the AIM listed mining company with coal and uranium 
interests in Africa, Australia, Mongolia, Europe and Bangladesh, announces that 
further to the appointment of Bryan Smith and James Mellon as directors of the 
Company on 3 June 2009 and 5 June 2009 respectively, the Company  yesterday 
granted to each of Mr. Smith and Mr. Mellon 5,000,000 options in the Company 
pursuant to the Company's share option plan, exercisable at 4.28 pence per 
share, being the mid-market closing price on 5 June 2009, expiring 3 years from 
the date of grant. 
 
 
In addition to the above options, Mr. Smith and Mr. Mellon are interested in 2.3 
million and 16.5 million ordinary shares of the Company respectively. 
 
 
Following the resignation of Harald Van Hoeken on 5 June 2009, James Mellon has 
been appointed as a member of the Audit Committee of the Company. 
 
 
Furthermore, in accordance with its announcement of 21 April 2009, Polo has 
granted additional warrants to Peabody Energy Corporation (NYSE: BTU) following 
recent issues of shares and grant of options by Polo.  An application is being 
made to the AIM market of the London Stock Exchange for the block admission of a 
further 10,588,236 ordinary shares of no par value, issuable on the exercise of 
the additional warrants granted to Peabody.   The warrants are exercisable over 
8,823,530 shares at a price of 3.775 pence per share, and over 1,764,706 shares 
at a price of 4.0 pence per share, in both cases with an exercise period 
expiring on 21 October 2010. 
 
 
 
 
Contacts: 
 
 
+--------------------------------------------------+------------------------+ 
| Polo Resources Limited                           |     + 27 82 404 36 37  | 
| Gary Good                                        |                        | 
+--------------------------------------------------+------------------------+ 
|                                                  |                        | 
+--------------------------------------------------+------------------------+ 
| 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 focused on acquiring and developing advanced 
stage coal and uranium properties. 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. 
 
 
ENDS 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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Polo Res.(See LSE:POL) (LSE:PRL)
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