LandOcean November 3 at noon announcement, recently, the company has two partners per stone capital with the Australian listed company Range Resources Corporation (Range Resources Limited, ASX: RRS) signed an investment memorandum, Yuan Shi Capital intends, through its designated party on the Range investment. Given LandOcean and Yuan Shi Capital Management Ltd. joint venture set up in Beijing Yuan Shi Hengtai Energy Investment Fund Management Center (Limited Partnership) (the "Energy Fund"), does not exclude the Energy Fund as a meta-designated party for Range stone capital investment company possible. Resume trading in the afternoon.
Previously, the company has signed a contract with Total Range of integrated services company, and recently established a joint venture with capital of $ Stone Energy Fund.
The contents of the memorandum, completion of due diligence and obtaining the necessary regulatory approvals and shareholder approval after, Range Company will Yuan Shi capital or its designated company issuing the shares, amounting to about $ 20 million, £ 0.01 per share, compared Range AIM companies in the UK Market October 31 the latest price premium of 26%. Meanwhile, Range Company issued convertible bonds to Yuan Shi capital or its designated companies, amounting to about $ 30 million, convertible bonds can be converted to shares of £ 0.01 Price Range companies. In addition, by LandOcean for Range Company signed agreements with LandOcean target block and other blocks to provide new services.
LandOcean said that based on the agreement entered into LandOcean block of Range's preliminary studies to understand and tripartite agreement reached between the Department of Yuan Shi capital and Range Company signed.
After the first $ 20 million investment is completed, Yuan Shi capital will account for 19.99% of total share capital after the company expanded the Range.
Mr. Russell Range's president said that through this investment will ensure long-term growth objectives. The total funds raised will be used to repay debt, to promote the Trinidad project drilling and oil refining operations to quickly enhance oil production. Will also be used to find other potential acquisition opportunities, adding new assets to complement and optimize the existing core portfolio.
Meanwhile, Yuan Shi capital investment company intends to Range behavior relative to solve the Range's working capital, so that the company improve its performance capabilities Range in the process of fulfilling the LandOcean May 29, 2014 the total integrated services contract signed in . LandOcean provide turnkey services and Range Company original target blocks and blocks new development in the future will be LandOcean.
Yuan Shi Capital Management Limited (Core Capital Management Co, Ltd) is a Chinese private equity firm, in addition to strategic investments, but also provide professional financial ser
Sure can. If people are civil, I always will be. Not perfect but I do try. I can be a little sarcastic sometimes but mostly only to people who are OTT.
As for the bet, I guess over 1p in 4 months is pretty safe except that Georgia could pop up in 3 months. Can we exclude Georgia spike? Or if you want to include it, then I would take the bet if it is on the condition that the SP stays above 1p by Q1. Not just a momentary spike.
I already got two bets with Playtime and DBW that SP will not be over 10p by year end. I can safely say I am going to collect on those bets. Lol.
It gives you a clue how optimistic people can be. If you ask playtime now, he will probably tell you this will not be 10p in 5 years' time!
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