03:36 PM EST - Polo Resources Limited : announced last week that it had made an offer to certain holders of shares and options of Signet Petroleum Ltd. to acquire their respective shares in Signet ("Target Shares"), in return for 40 new shares in the capital of Polo for each Target Share acquired by the Company. The Offer was conditional on Polo securing sufficient acceptances by Signet Shareholders to secure, together with the exercise of share options by Polo, a shareholding in excess of 50% of the issued share capital of Signet upon the closing of the Offer. Polo announces that it had yesterday, December 20, received and the Board of Directors had approved nine unconditional acceptances from Signet Shareholders who are collectively interested in 9,203,571 Target Shares. On completion of the acquisition of the Target Shares. Polo Resources Limited
shares T.POL are trading unchanged at $0.05.
