Polo Resources Limited CELAMIN HOLDINGS NL - INVESTMENT UPDATE (4095T)
July 03 2018 - 4:02AM
UK Regulatory
TIDMPOL
RNS Number : 4095T
Polo Resources Limited
03 July 2018
This announcement contains inside information as defined in
Article 7 of the EU Market Abuse Regulation No 596/2014 and has
been announced in accordance with the Company's obligations under
Article 17 of that Regulation.
3 July 2018
Polo Resources Limited
("Polo" or the "Company")
CELAMIN HOLDINGS NL - INVESTMENT UPDATE
Polo Resources Limited (AIM: POL), the multi-sector investment
company with interests in oil, gold, coal, copper, phosphate,
lithium, iron and vanadium, notes that its investee company,
Celamin Holdings NL ("Celamin") (ASX: CNL) has appointed Simon Eley
as its new Chief Executive Officer ("CEO"), effective as of 1 July
2018. He replaces Tim Markwell who has been serving as Acting-CEO
since January 2018. Mr Eley is tasked with leading the recovery of
the Chaketma Phosphate Project following the arbitration success
announced on 1 December 2017, the engagement of a local partner in
Tunisia, and the review and acquisition of new project
opportunities.
Mr Eley has a Bachelor of Laws degree and is an experienced
mining executive, having served as Managing Director and Chairman
for several listed companies, including Pura Vida Energy and Egan
Street Resources. He has extensive experience in business
development; mergers and acquisitions; and international joint
venture arrangements, including time spent in Mauritania for
Woodside Petroleum.
Mr Markwell will remain a Non--Executive Director of the Company
and will assist Simon to ensure a smooth transition into the CEO
role.
In accordance with ASX Listing Rule 3.16.4, the key terms of Mr
Eley's employment can be found by following this link:
https://www.asx.com.au/asxpdf/20180703/pdf/43w86x4wxv0lj3.pdf.
For further information, please contact:
Polo Resources Limited
- Kudzayi Denenga, Investor Relations +27 (0) 787 312 919
Allenby Capital Limited (Nominated
adviser & joint broker)
- John Depasquale +44 (0)20 3328 5657
Liberum Capital (Joint broker)
- Henry Freeman +44 (0) 20 3100 2000
Blytheweigh (Public relations)
- Tim Blythe, Camilla Horsfall, Simon
Woods +44 (0) 207 138 3204
About the Company
Polo Resources Limited is a multi-sector investment company
focused on investing in undervalued companies and projects with
strong fundamentals and attractive growth prospects. For complete
details on Polo, please refer to: www.poloresources.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGMGGNLFGGRZG
(END) Dow Jones Newswires
July 03, 2018 05:02 ET (09:02 GMT)
Polo Resources (LSE:POL)
Historical Stock Chart
From Apr 2024 to May 2024
Polo Resources (LSE:POL)
Historical Stock Chart
From May 2023 to May 2024