Range Resources Share News (RRL)

Shares in Range Resources surged after trading on AIM was restored on Monday morning.It came after the group on Friday announced that it had received the first tranche of the funding package agreed with Beijing Sibo Investment Management.In exchange for the £5.2m, Sibo was issued with 650m new ordinary shares.Sibo has agreed to provide at least a further $12m and up to $27m in cash by the end of 31 August.The share price has soared 68.71% to 0.903p by 11:10.