Providence Resources - Funding - Only if Barryroe FO closure...

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Funding
10:23 21/02/2015
Spuddy
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Only if Barryroe FO closure will funding be needed. As discussed with fellow bloggers yesterday think convertible loan more likely than rights issue. I would go for a 40 m Euro loan convertible into shares in Providence if not paid back in one year. With this you can pay for one drill at SP. If SP successful share price rises and you can opt to farm down or not for second drill on SP. If Barryroe deal closed by then more cash will be on hand

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