BVI-registered mining and exploration group Polo Resources Limited announced on 18 October, 2017 that it did not finish the appointment of a replacement nominated adviser by 19 October 2017, as it is required by the London Stock Exchange. As a result of this, the Exchange will suspend the BVI company on 19 October 2017. The company will seek the replacement adviser, and inform its shareholders in due course.
This news followed the announcement of Polo Resources on 11 October, and London Stock Exchange’s announcement on 10 October where the company was notified that the London Stock Exchange decided to remove the status of the Company’s nominated adviser, ZAI Corporate Finance Limited on 19 October 2017 for failure to meet the Exchange’s continuing eligibility obligations. The BVI company is required to find another nominated adviser by 20 November 2017, to avoid cancellation of company’s shares trading on AIM.