Placing to Raise $10 million


 

TIDMPRL 
 
RNS Number : 1725U 
Polo Resources Limited 
19 June 2009 
 
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, 
RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, 
CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN 
 
 
19 June 2009 
 
 
POLO RESOURCES LIMITED 
("Polo Resources" or the "Company") 
Cash Placing 
 
 
Polo Resources (PRL), the AIM listed mining company with coal and uranium 
interests in Africa, Australia, Europe and Asia, is pleased to announce that it 
has raised approximately US$10 million before expenses to enable Polo Resources 
to take advantage of additional uranium opportunities as they may arise and for 
general working capital purposes. A total of 160,000,000 new ordinary shares 
(the "Placing Shares") have been placed by Canaccord Adams Limited ("Canaccord") 
and BMO Capital Markets Limited ("BMO") as lead agents at a price of 3.85 pence 
per Placing Share (the "Placing Price"), raising gross proceeds of approximately 
US$10 million (the "Placing"). 
 
 The Placing is conditional upon, inter 
alia, admission of the Placing Shares to trading on AIM ("Admission").  It is 
expected that Admission of, and settlement for the Placing Shares will be at 
8.00 a.m. on 24 June 2009. 
All the Placing Shares will be credited as fully paid and will rank pari 
passu in all respects with the existing ordinary shares of no par value each in 
the capital of the Company ("Ordinary Shares"), including the right to receive 
all dividends and other distributions declared, made or paid after the date of 
issue. 
Director's Dealings 
The following directors of the Company, have participated in the Placing at the 
Placing Price in the following amounts: 
 
 
+----------+------------+ 
| Director | Number     | 
|          | of         | 
|          | Placing    | 
|          | Shares     | 
+----------+------------+ 
| Stephen  | 5,961,721  | 
| Dattels  |            | 
+----------+------------+ 
| Neil     | 2,543,668  | 
| Herbert  |            | 
+----------+------------+ 
| Bryan    | 1,987,240  | 
| Smith    |            | 
+----------+------------+ 
| Guy      | 794,896    | 
| Elliott  |            | 
+----------+------------+ 
 
 
 
As a result of these dealings, from Admission: 
Mr Dattels will be interested in a total of 106,676,007 Ordinary Shares 
representing approximately 4.55% of the issued ordinary share capital from 
Admission; 
Mr Herbert will be interested in a total of 51,732,954 Ordinary Shares 
representing approximately 2.20% of the issued ordinary share capital from 
Admission; 
Mr Smith will be interested in a total of 4,287,240 Ordinary Shares representing 
approximately 0.18% of the issued ordinary share capital from Admission; 
Mr Elliot will be interested in a total of 28,173,467 Ordinary Shares 
representing approximately 1.20% of the issued ordinary share capital from 
Admission; 
 
 
Total Voting Rights 
On Admission, Polo Resources notifies the market that the Company's issued share 
capital will be 2,346,645,623 ordinary shares of no par value each. None of 
these ordinary shares will be held in Treasury. Therefore the total number of 
voting rights in the Company will be 2,346,645,623. The above figure of 
2,346,645,623 may be used by shareholders as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or change to interest in, the Company under the FSA's Disclosure 
and Transparency Rules. 
Contacts: 
Polo Resources Limited 
Neil Herbert, Managing Director 
Tel: +27 82 404 3637 
www.poloresources.com 
 
 
Canaccord Adams Limited (Nomad and Broker) 
Mike Jones/Ryan Gaffney 
 Tel: 
+44 (0) 20 7050 6500 
BMO Capital Markets Limited 
Egizio Bianchini/Robin Birchall 
 Tel: +1 416 
359 4001 
Financial Dynamics 
 Ben Brewerton/Edward Westropp 
 Tel: +44 (0) 20 7831 
3113 
Canaccord Adams Limited is nomad and broker to the Company. Canaccord and BMO 
are acting as lead Placing Agents to the Placing. 
  Important Notice 
This announcement has been issued by, and is the sole responsibility of the 
Company.  No representation or warranty, express or implied, is or will be made 
as to, or in relation to, and no responsibility or liability is or will be 
accepted by Canaccord or BMO or by any of their respective affiliates or agents 
as to or in relation to, the accuracy or completeness of this announcement, or 
any other written or oral information made available to or publicly available to 
any prospective investor or its advisers, and any liability therefor is hereby 
expressly disclaimed. 
Canaccord and BMO are acting for the Company and no one else in connection with 
the Placing and will not be responsible to any other person for providing the 
protections afforded to their respective clients, or for providing advice in 
relation to the Placing or in relation to the contents of this announcement or 
any other transaction, arrangement or matter referred to herein. 
The securities referred to in this announcement have not been, nor will they be, 
registered under the United States Securities Act of 1933, as amended, (the 
"Securities Act") nor with any securities regulatory authority of any State or 
other jurisdiction of the United States, and accordingly, may not be offered or 
sold in the United States except pursuant to an exemption from, or in a 
transaction not subject to, registration under the Securities Act.  The Placing 
Shares are being offered and sold outside the United States in accordance with 
Regulation S under the Securities Act and inside the United States in reliance 
upon applicable exemptions from the registration requirements of the Securities 
Act. 
Neither this announcement nor any part of it constitutes an offer to sell or 
issue or the solicitation of an offer to buy, subscribe or acquire any ordinary 
shares in any jurisdiction in which any such offer or solicitation would be 
unlawful and the information contained herein is not for publication or 
distribution, directly or indirectly, in or into the United States, Canada, 
Australia, the Republic of South Africa or Japan or any jurisdiction in which 
such publication or distribution would be unlawful.  No public offering of 
securities of the Company is being made in the United Kingdom, the United States 
or elsewhere. 
Members of the general public are not eligible to take part in the Placing 
referred to below. Invitations to participate in the Placing will be limited to 
certain qualified persons. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOEGLGDLBUBGGCC
Polo Res.(See LSE:POL) (LSE:PRL)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024