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SpotOn Energy Investment Update

22 May 2020 - 15:42

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 £0.3 million into Providence as part of the recent $3.3 million fundraising and committed to invest a further £0.2 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  
Provided by: GlobeNewswire
Market(s)
London AIM (United Kingdom)
Euronext Growth Dublin (Ireland)
PROVIDENCE RESOURCES PLC
Providence Resources specializes in oil and gas exploration and production....
Learn more about company

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