BVI company announced Board changes in GCM Resources

Polo Resources Limited, BVI-incorporated natural resources investment company having interests in oil and gas, coal, iron ore, and gold, noted the announcement of new appointments to the Board of GCM Resources plc, in which the BVI Company has a 29.8 per cent equity interest. As part of these Board Changes, Polo Resources Executive Co-Chairman and Managing Director Mr. Michael Tang joins the GCM Board as Executive Chairman, and Non-Executive Director of the BVI company Mr. Guy Elliott, along with Mr. Neil Herbert, becomes the Non-Executive Director of GCM Resources.

Executive Co-Chairman and Managing Director of Polo, Michael Tang commented on the GCM Board changes: “I am most pleased that a new Board of Directors has been appointed at GCM Resources, heralding a new era at GCM as the company works to advance the development of the major Phulbari Coal Project in Bangladesh.”

He also said: “Polo is working closely with the management of its significant investments in Signet Petroleum, Nimini and GCM. We look forward to delivering substantial value to shareholders from these interests.”

GCM Resources is a London based resource exploration and development company that is currently developing the large-scale Phulbari Coal Project in Bangladesh.

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