Stock Name: POL
Amount: CAD 0.0323
Announcement Date: 12/09/2011
Record Date: 20/09/2011
Dividend Detail:
TORONTO, Sept. 12, 2011 /CNW/ - Polo Resources Limited (AIM and TSX:
POL) announces that, following the announcement on 16 August 2011 to
pay a special cash dividend, the ex dividend date has now been set for
21 September 2011, the dividend record date has been set for 23
September 2011, and the payment date has been set for 5 October 2011.
On the payment date, Polo will despatch a cheque to shareholders
registered at the record date in satisfaction of payment of the whole
dividend amount of 2 pence (or CAD$0.03225 for those shareholders
registered on the Canadian register) per ordinary share of no par value
in the Company. The dividend of 2 pence (gross) (or CAD$0.03225) per
ordinary share will be paid in full without deduction of tax.
Neil Herbert, Executive Co-Chairman and Managing Director of Polo said,
"I am pleased to confirm the 2 pence dividend following completion of
the disposal of our interest in Caledon Resources plc. Progress with
our current coal, iron and gold investments, as well as new investments
in other resource opportunities, will continue to drive growth."
About the Company
Polo Resources is a natural resources investment company focused on
investing in undervalued companies and projects with strong
fundamentals and attractive growth prospects. The Company will
primarily invest in companies with producing assets and/or resources
and reserves that have been verified under internationally recognised
reporting standards. For complete details on Polo Resources: 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.
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