Range Resources Notes Share Price Movement Around Financing Rumours

LONDON (Alliance News) - Range Resources Ltd Friday said it has noted the recent movement in its share price and said it is aware of market speculation around its financing arrangements.

The company said it continuing to explore financing options, which may result in securing financing of up to USD15 million.

It said it would make a separate announcement should any formal financing agreement be signed.

Range Resources shares were up 12.4% at 1.41 pence in mid-afternoon trade on Friday, having been briefly suspended earlier in the day.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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