Polo Resources increases stake in Signet Petroleum

Polo Resources has acquired a further stake in Signet Petroleum following approval from the company's board of directors.

Polo Resources has acquired a further stake in Signet Petroleum following approval from the company's board of directors.

The firm has purchased 850,000 shares in the capital of Signet from additional vendors who have received in aggregate 34m new shares in the capital of Polo for each Signet share acquired by the company.

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