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Range Resources Limited
('Range' or 'the Company')
1 September 2015
Sibo Funding Update
Following the Company's General Meeting held on 28 August 2015, Range is pleased to advise that all proposed resolutions relating to the funding package with Beijing Sibo Investment Management LP ("Sibo") were passed. Therefore, all conditions precedent to complete the funding have been satisfied.
Sibo has confirmed its total investment will be US$30 million. Tranche 1 subscription proceeds of £5.2 million (approximately US$7.9 million) in cash have already been received by the Company, as announced on 5 June 2015. As per the terms of the subscription agreement, Sibo will provide the Tranche 2 proceeds of US$22.1 million within the next 5 business days.
A separate announcement will be made at completion.
Contact Details
Range Resources Limited
Evgenia Bezruchko (Investor Relations)
e. [email protected]
t. +44 (0)20 7520 9486
Cantor Fitzgerald Europe (Nominated Advisor and Broker)
David Porter / Sarah Wharry (Corporate Finance) Richard Redmayne (Corporate Broking)
t. +44 (0)20 7894 700
Range Resources Limited
AIM: RRL
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Australian Office
Ground Floor, BGC Centre
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UK Office
10 Adam Street
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e. [email protected]
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ASX: RRS
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28 The Esplanade
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The Strand
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www.rangeresources.co.uk
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Perth WA 6000
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London, WC2N 6AA
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Australia
t. +618 6205 3012
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United Kingdom
t. +44 (0)20 7520 9486
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Range Resources Ltd
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EXPLORATION STAGE |
CODE : RRS.AX |
ISIN : AU000000RRS3 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Range Res. is a gold exploration company based in Australia. Range Res. holds various exploration projects in Australia. Its main exploration properties are CORACHAPI in Peru and DONNYBROOK in Australia. Range Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 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. |