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19 June 2009 POLO RESOURCES LIMITED 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 Dattels 5,961,721 Neil Herbert 2,543,668 Bryan Smith 1,987,240 Guy Elliott 794,896 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; Quelle: http://www.investegate.co.uk/Article.aspx?id=200906190753341… |
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| aus der Diskussion: | Polo: Kohle und Uran |
| Autor (Datum des Eintrages): | updax (19.06.09 09:19:50) |
| Beitrag: | 10 von 212 (ID:37424566) |
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