| Completion of Texas Sale | |
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Range Resources Limited
('Range' or 'the Company')
24 March 2015
ASX Code: RRS AIM Code: RRL
Completion of Texas Sale
Range is pleased to announce that further to the Company's previous announcements, the sale of its Texas assets to Citation Resources Limited (Citation) has completed.
As part of the sales proceeds Range has received a AU$500,000 cash payment, a carry on the Guatemalan assets to the value of AU$830,000, a forgiveness on monies owed by Range to Citation to the value of AU$189,000 and 200 million new ordinary shares in Citation.
Range also has the right to appoint one Director to the Board of Citation, provided that Range holds a minimum of 100 million Citation shares. Range has not appointed any Director at this time but will keep this option under
review.
CONTACTS
Cantor Fitzgerald Europe (Nominated Advisor and Broker) David Porter / Sarah Wharry (Corporate finance)
Richard Redmayne (Corporate broking)
t. +44 (0)20 7894 7000
Range Resources Limited
Australian Office
Ground Floor, BGC Centre
28 The Esplanade
Perth WA 6000
Australia
t. +618 6205 3012
UK Office
Suite 1A, Prince's House
38 Jermyn Street London, SW1Y 6DN United Kingdom
t. +44 (0)20 7025 7040
f. +44 (0)20 7287 8028
e. [email protected] www.rangeresources.co.uk
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Range Resources Ltd
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EXPLORATION STAGE |
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CODE : RRS.AX |
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ISIN : AU000000RRS3 |
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Range Res. is a gold exploration company based in Australia. Range Res. holds various exploration projects in Australia. Its main exploration properties are CORACHAPI in Peru and DONNYBROOK in Australia. Range Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 7.6 millions as of today (US$ 5.2 millions, € 4.7 millions). Its stock quote reached its highest recent level on March 11, 2011 at AU$ 0.38, and its lowest recent point on November 22, 2019 at AU$ 0.00. Range Res. has 7 595 830 272 shares outstanding. |