BKY Berkeley Energia Limited

 

TIDMPRL TIDMBKY 
 
RNS Number : 7379X 
Polo Resources Limited 
20 August 2009 
 

For immediate release 
20 August 2009 
 
 
 
 
Polo Resources Limited 
("Polo" or the "Company") 
 
 
Disposal of shares in Berkeley Resources Ltd 
 
 
Polo Resources (AIM:PRL), the AIM listing company with uranium and coal 
interests in Africa, Australia, Europe and Asia, announces that it has disposed 
of 8,221,893 ordinary shares in Berkeley Resources Ltd ("Berkeley") for 
A$8,484,276.41, representing 6.66 per cent of Berkeley's issued share capital. 
Following this disposal Polo has an interest in 10,388,181 ordinary shares in 
Berkeley as well as options over a further 5,670,037 ordinary shares. 
 
 
The funds received from the disposal will be used to meet Polo's liquidity 
requirements and provide resources to focus on other value adding uranium 
opportunities. 
 
 
Neil Herbert, Managing Director of Polo Resources, said: "Polo remains 
supportive of Berkeley Resources with the substantial resource base at the 
Salamanca Regional Uranium Project well placed to deliver into the forecast 
uranium production shortfall for a relatively small capital investment." 
 
 
Polo does not presently anticipate making any further sales of Berkeley shares. 
 
 
 
 
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 uranium and coal 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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