Shares digital

Polo Resources (PRL:AIM) SUSP

Shares, currently suspended at 11.75p, are expected to begin trading again within the next week after completing the acquisition of coal, uranium and tungsten licenses in Mongolia and raising £25 million at 9p per share. Polo has also struck a deal with an investment fund managed by RAB Capital to acquire its 20.5% stake in GCM Resources (GCM:AIM), which has spent several years trying to resolve local opposition to develop the Phulbari coal mine in Bangladesh. In exchange, RAB’s fund gets £9 million cash and a 12% stake in Polo. Stephen Dattels has joined the group as non-exec chairman, having previously worked as a director of gold giant Barrick and founder of coal producer Caledon Resources (CDN:AIM).