Brief: Providence Resources Says Barryroe Agreed To Backstop Extension Of On/Before Aug 19

Barryroe Offshore Energy

13/08/2019 09:22

Aug 13 (Reuters) - Providence Resources PLC  PZQA.I :
    * PROVIDENCE RESOURCES PLC - PROVIDES A COMMERCIAL AND
OPERATIONAL
UPDATE IN RELATION TO STANDARD EXPLORATION LICENCE
    * PROVIDENCE RESOURCES - AS AT CLOSE OF BUSINESS ON AUGUST
12, NO
FUNDS HAD BEEN RECEIVED IN CO'S ACCOUNT
    * PROVIDENCE RESOURCES - RECEIVED FURTHER ASSURANCES THAT $9
MILLION LOAN ADVANCES DUE UNDER UPDATED FOA ARE IN PROCESS OF
BEING PAID
    * PROVIDENCE RESOURCES PLC - BARRYROE PARTNERS HAVE AGREED
TO A
BACKSTOP EXTENSION OF ON OR BEFORE AUGUST 19
    * PROVIDENCE RESOURCES - WOULD NEED ALTERNATIVE FINANCING
ARRANGEMENTS FOR WORKING CAPITAL BEYOND END OF AUG. IF FUNDS NOT
RECEIVED BY BACKSTOP DATE

Source text for Eikon:  ID:nGNE5zSG62 
Further company coverage:  PZQA.I 

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