RE: By Tomorrow!19 Jul 2019 11:58
From earlier post..Remittance Notice β¦..dated 5th JULY.... Two weeks to send just 10m.... its getting ridiculous now and we will probably get an after hours RNS saying backstop date extended once again to mid next week. LOGP should be asking questions now.
Receipt of Remittance Notification
Providence has received a HSBC remittance notification dated July 5, 2019 from APEC's funder for the transfer of US$ 10 million in favour of Providence's bank account in Dublin with a payment date of July 9, 2019. Of the US$ 10 million, US$ 9 million is to cover EXOLA front-end and pre-drill costs with US$ 1 million to cover APEC costs. Therefore, a backstop extension to July 10, 2019 has been agreed with APEC to allow for the receipt of funds. A further update will be provided in due course.