19th Mar 2014 15:47
19 March 2014
For Immediate Release
Asia Resource Minerals plc ("ARMS" or the "Company")
Update on Separation Transaction
Further to the Company's announcement on 26 February, ARMS has been informed by the Bakrie Group that the majority of the funds required from it to complete the Separation have been transferred into holding accounts at the bank providing the escrow account. The Bakrie Group has informed the Company that the remaining balance will be available to allow for completion still to occur on 21 March. The Company has therefore agreed amendments to the PT Bumi Share Purchase Agreement to reflect this.
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For enquiries, please contact:
Asia Resource Minerals plc
Sean Wade +44 (0) 20 7201 7511 | RLM Finsbury
Ed Simpkins / Charles O'Brien +44 (0) 20 7251 3801 |
Related Shares:
ARMS.L