Range Resources Says USD60 Million Financing Package Delayed

LONDON (Alliance News) - Range Resources Ltd on Tuesday said the USD60 million financing package it has secured from Core Capital Management Co Ltd has been delayed.

Range said Core Capital has advised that it has not yet received all necessary regulatory and government approvals to provide the funding and that these will not be in place by the current deadline of April 30.

Range said it was "disappointed" the deal has not yet been completed and said it has agreed to extend the deadline for Core to secure all the relevant approvals to May 14.

Range shares are currently suspended.

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

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