Polo Resources – Agreement to dispose of holding in Extract
Investing News Network - July 9th, 2010
Polo Resources (AIM:POL, TSE:POL) reports an agreement to sell its holding in Extract Resources for A$7.00 per share.
The Company has agreed that the sale of 3,900,000 Extract Shares, being 17.3% of Polo’s holding, which is not subject to any conditions, will be settled on 15 July 2010 for a gross cash consideration of AUD27.3 million.
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Polo Resources (AIM:POL, TSE:POL) reports an agreement to sell its holding in Extract Resources for A$7.00 per share.
The Company has agreed that the sale of 3,900,000 Extract Shares, being 17.3% of Polo’s holding, which is not subject to any conditions, will be settled on 15 July 2010 for a gross cash consideration of AUD27.3 million.