RE: Another blue day?....16 Jul 2019 18:37
Could arrive any day before the 19th Update and Extension of Backstop Date
The Company can confirm that it has received a letter from the legal representatives of APEC's funder advising that on July 9, 2019, the funder arranged for the remittance of US$ 10 million from HSBC to Providence's account. The legal representatives further advise that the remittance is expected to be completed shortly pending compliance checks by the bank. Accordingly, to facilitate this, the Barryroe Partners have agreed to a backstop extension of on or before July 19, 2019.