Chiliogon became advisors to Polo Resources, a coal exploration and development company listed on AIM and completed a $88 million funding round in association with JP Morgan Cazenove

Chiliogon became advisors to Polo Resources, a coal exploration and development company listed on AIM and completed a $88 million funding round in association with JP Morgan Cazenove

Chiliogon Partners LLP advised Polo Resources for placement of a total of 362,000,000 new ordinary shares (the “Placing Shares”) at a price of 12 pence per Placing Share and raising gross proceeds of approximately £43.4 million in order to develop existing assets in Mongolia and pursue further acquisitions. The admission of, and settlement for, the Placing Shares were on March 17, 2008. Chiliogon is very positive on the prospects of Polo Resources and is confident that the company’s imbedded value will be recognised by the market place in the very near future.