BRIEF-Asia Resource Minerals extends Bakrie deadline for split to Feb 21

Tue, 21 Jan - 12:59am

Jan 20 (Reuters) - Asia Resource Minerals PLC ARMS.L :

* Announces that an updated timetable for completion has been agreed

* Deadline for completion will be extended by four weeks to 21 February 2014

* Bakrie Group agreed $50M currently held in escrow will be transferred to

company by 23 January 2014

* No general meeting of pt Bumi resources will be held before completion

* It is possible that deadline for completion is extended by 1 month under

exceptional circumstances

* $50 million held in Escrow will be repayable if co is in material breach of

its obligation

* Source text for Eikon: News Search ID:nRS4z8l79

* For more news, please click here ARMS.L ((London Equities Newsroom; +44 20 7542 7717))

URN: 
urn:newsml:reuters.com:20140120:nWLB006R2:9
Topics: 
GB MET EUROP CMPNY PREC MINE COAM BLR DEAL1 LEN RTRS MRG BACT MIN GDM WEU BMAT EUROPE MTAL DVST ENER

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