Providence Resources - Re: PVR Stream Log - "The purpose of the placing...

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11:44 17/06/2016

"The purpose of the placing is to raise proceeds sufficient to fund the company's existing liabilities, including the company's share of the above-mentioned Transocean settlement costs, and on-going working capital requirements to mid-2017, during which time it is hopeful of concluding the SEL 1/11 Barryroe farm-out process," said the company.

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