Neil Herbert appointed Co-Chairman

 

TIDMPRL 
 
RNS Number : 3323J 
Polo Resources Limited 
29 March 2010 
 

29 March 2010 
 
 
 
               Polo Resources Limited 
("Polo" or "the Company") 
 
                       Neil Herbert appointed Co-Chairman 
 
 
Polo Resources (AIM: PRL), is pleased to announce that Neil Herbert, a Director 
of the Company since 2008, has been appointed Co-Chairman of the Board of 
Directors together with Stephen Dattels, Chairman of the Board since 2008. 
 
Neil Herbert, Chairman of Polo Resources, said: 
 
"Over the last year Polo has transformed itself into a company with cash and 
near-term investments valued at US$187.6 million* together with coal mining 
interests in Australia, Bangladesh and Mongolia.  The Company is now set to 
embark on a new growth strategy and I am pleased to join Stephen Dattels in 
chairing the Company, as we enter this phase of development." 
 
* Based on the closing prices on 26 March 2010 
 
 
Contacts: 
 
+-------------------------------------------+--------------------+ 
| Polo Resources Limited                    | + 27 82 404 3637   | 
| Neil Herbert, Chairman                    |                    | 
|                                           |                    | 
+-------------------------------------------+--------------------+ 
| Canaccord Adams Limited                   | + 44 (0) 20 7050   | 
| Ryan Gaffney/ Bhavesh Patel               | 6500               | 
|                                           |                    | 
+-------------------------------------------+--------------------+ 
| Financial Dynamics                        | + 44 (0) 20 7831   | 
| Ben Brewerton / Ed Westropp               | 3113               | 
|                                           |                    | 
+-------------------------------------------+--------------------+ 
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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