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SpotOn Energy Investment Update

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Providence Resources P.l.c.

SpotOn Energy Investment Update

Dublin and London22 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  

Quick facts: Providence Resources PLC

Price: 5.2

Market: AIM
Market Cap: £43.76 m
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