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Update on Separation Transaction

19 Mar 2014 15:47

RNS Number : 7161C
Asia Resource Minerals PLC
19 March 2014
 



 

 

 

19 March 2014

For Immediate Release

 

Asia Resource Minerals plc ("ARMS" or the "Company")

 

Update on Separation Transaction

 

Further to the Company's announcement on 26 February, ARMS has been informed by the Bakrie Group that the majority of the funds required from it to complete the Separation have been transferred into holding accounts at the bank providing the escrow account. The Bakrie Group has informed the Company that the remaining balance will be available to allow for completion still to occur on 21 March. The Company has therefore agreed amendments to the PT Bumi Share Purchase Agreement to reflect this.

 

- ENDS-

 

For enquiries, please contact:

 

Asia Resource Minerals plc

 

Sean Wade

+44 (0) 20 7201 7511

RLM Finsbury

 

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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