Providence extends payment deadline again

Providence extends payment deadline again

Shares rise after statement says payment from Chinese partner 'expected to be completed shortly'

Providence Resources has again agreed to extend a deadline for receipt of a €9 million payment from a Chinese company.

The company had already twice extended the deadline for Asia-Pacific Economic Cooperation (Apec) to provide the money, which was due as part of an agreement with Providence to develop the Barryroe field off the Cork coast.

The...

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