Changes to the Board
07 7월 2009 - 10:59PM
UK Regulatory
TIDMPRL
RNS Number : 2758V
Polo Resources Limited
07 July 2009
For immediate release7 July 2009
Polo Resources Limited
("Polo Resources", "Polo" or "the Company")
Changes to the Board
Polo Resources Limited (AIM: PRL), the mining company with interests in coal and
uranium, today announces that Tony Bainbridge has resigned his directorship with
the company with immediate effect. Tony continues to work as a consultant
furthering the development of Polo's joint venture with Peabody Energy
Corporation (NYSE:BTU).
Neil Herbert, Managing Director of Polo Resources, said: "We look forward to
continuing to work with Tony in the development of our Mongolian Joint Venture
coal interests with Peabody Energy Corporation. The summer exploration
programme of the joint venture's coal licences in the South Gobi Coal Basin is
currently underway and we look forward to reporting results on these later in
the year."
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 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 should circumstances
or management's estimates or opinions change.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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