PVR Providence Resources Plc

 
TIDMPVR 
 
 
   THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
   THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT 
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR 
INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, SWITZERLAND 
OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO 
DISTRIBUTE THIS ANNOUNCEMENT 
 
   FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL 
NOT CONSTITUTE, OR FORM THE BASIS OF AN OFFER TO SELL OR ISSUE OR THE 
SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY 
NEW OR EXISTING ORDINARY SHARES OF PROVIDENCE RESOURCES PLC IN ANY 
JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL 
 
   Providence Resources P.l.c. 
 
   SpotOn Energy Investment Update 
 
   Dublin and London -- 22 May 2020 - Providence Resources P.l.c. (PVR LN, 
PRP ID), the Irish based resource development company ("Providence" or 
the "Company"), provides an update on the second tranche of the proposed 
investment in Providence by SpotOn Energy Limited ("SpotOn Energy"). 
 
   As announced on 6 April 2020, SpotOn Energy invested GBP0.3 million into 
Providence as part of the recent $3.3 million fundraising and committed 
to invest a further GBP0.2 million within six weeks of that 
announcement. 
 
   SpotOn Energy has experienced some delays in closing out the necessary 
arrangements with its consortium because of current working and travel 
restrictions and has informed Providence that it will be necessary to 
delay the second tranche of its investment by approximately one week. 
The Company will provide an update to the market upon receipt of funds. 
 
 
 
 
 INVESTOR ENQUIRIES 
--------------------------- 
Providence Resources P.l.c.  Tel: +353 1 219 4074 
Alan S Linn, 
Chief Executive Officer 
 
Cenkos Securities plc        Tel: +44 131 220 9771 
Neil McDonald/Derrick Lee 
 
J&E Davy                     Tel: +353 1 679 6363 
Anthony Farrell 
 
MEDIA ENQUIRIES 
--------------------------- 
Murray Consultants           Tel: +353 1 498 0300 / +353 87 255 8300 
Pauline McAlester 
 
 
 
 
 
 

(END) Dow Jones Newswires

May 22, 2020 10:42 ET (14:42 GMT)

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