Polo Resources – Agreement to dispose of holding in Extract

- 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.
For complete […]

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.

For complete news release, click here.

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