Providence Resources - Funding - Hello Haribo. The funds Will...

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13:57 27/06/2016

Hello Haribo. The funds Will be held in a custodian account pending the EGM. I am sure they Have all ready purchased a forward currency swap. Believe the rate is 12p/15.2 cents i.e 1.266. At the time of announcement the market rate was 1.300 so the only reason for taking a worse rate Would be a forward currency swap or An option for protection

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