20 Jan 2010 07:00
20 January 2010
Companies Announcement OfficeAustralian Stock Exchange Limited20 Bond StreetSYDNEY NSW 2000Via E-lodgementAPPENDIX 3B
Please find attached an Appendix 3B
For and on behalf of the board
PETER LANDAUExecutive DirectorFor further information please contact:Range ResourcesPeter LandauTel : +61 (8) 8 9488 5220Em: plandau@rangeresources.com.auAustralia LondonPPR Conduit PRDavid Tasker Jonathan CharlesTel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7429 6666Em: david.tasker@ppr.com.au Em: jonathan@conduitpr.comRFC Corporate Finance (Nominated Advisor) Old Park Lane Capital PlcStuart Laing Michael ParnesTel: +61 (8) 9480 2500 Tel: +44 (0) 207 518 2603Range Background
Range Resources is a dual listed oil & gas exploration company with oil & gas interests in the frontier state of Puntland, Somalia, the Republic of Georgia and Texas, USA.
* In Puntland, Range holds a 20% working interest in two licences encompassing the highly prospective Dharoor and Nugaal valleys with plans to drill two wells - 65% Operator, in 2010. * In the Republic of Georgia, Range holds a 50% farm-in interest in onshore blocks VIa and VIb, covering approx. 7,000sq.km. Currently, Range is undertaking a 350km 2D seismic program. * Range holds a 25% interest in the North Chapman Ranch project, Texas. The project area encompasses approximately 1,680 acres in one of the most prolific oil and gas producing trends in the State of Texas. Drilling of the first well has resulted in a commercial discovery with production commencing Jan/Feb 2010. Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B New issue announcement, application for quotation of additional securities and agreement
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.Name of entity RANGE RESOURCES LIMITED ABN 88 002 522 009
We (the entity) give ASX the following information.
Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
1 +Class of +securities issued Ordinary Fully Paid Shares
or to be issued
2 Number of +securities issued 151,595,332 Ordinary Fully Paid
or to be issued (if known) or Shares to be issued Pursuant to the
maximum number which may be Company's Non-renouncable Rights
issued Issue 70,000,000 Ordinary Fully Paid Shares to be issued in a Placement to Sophisticated and Institutional Investors 1,408,871 Ordinary Fully Paid Shares to be issued in lieu of consulting services 19,500 Ordinary Fully Paid Shares to be issued on exercise of listed options (5 cents, 31 Dec 2011) 3 Principal terms of the
+securities (eg, if options, 151,595,332 Ordinary Fully Paid
exercise price and expiry Shares to be issued Pursuant to the
date; if partly paid Company's Non-renouncable Rights
+securities, the amount Issue outstanding and due dates for payment; if +convertible 70,000,000 Ordinary Fully Paid securities, the conversion Shares to be issued in a Placement price and dates for to Sophisticated and Institutional conversion) Investors 1,408,871 Ordinary Fully Paid Shares to be issued in lieu of consulting services 19,500 Ordinary Fully Paid Shares to be issued on exercise of listed options (5 cents, 31 Dec 2011) , 4 Do the +securities rank Yes equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment
5 Issue price or consideration 151,595,332 Ordinary Fully Paid
Shares to be issued Pursuant to the Company's Non-renouncable Rights Issue at 5 cents per share to raise approximately $7,579,766. Proceeds of the offer to satisfy joint venture obligations in relation to the Puntland Projects, completion of the acquisition and seismic interpretation in relation to the Georgian Projects, Tie-in costs for the Smith No. 1 well in Texas and working capital. 70,000,000 Ordinary Fully Paid Shares to be issued in a Placement to Sophisticated and Institutional Investors at 5 cents per share raising $3.5m to fund Puntland operations, Georgian operations and Texan operations, issue costs and working capital. 1,408,871 Ordinary Fully Paid Shares to be issued in lieu of consulting services 19,500 Ordinary Fully Paid Shares to be issued on exercise of listed options (5 cents, 31 Dec 2011) 6 Purpose of the issue 151,595,332 Ordinary Fully Paid Shares to be issued Pursuant to
(If issued as consideration the Company's Non-renouncable
for the acquisition of Rights Issue at 5 cents per share assets, clearly identify to raise approximately $7,579,766. those assets) Proceeds of the offer to satisfy joint venture obligations in relation to the Puntland Projects, completion of the acquisition and seismic interpretation in relation to the Georgian Projects, Tie-in costs for the Smith No. 1 well in Texas and working capital. 70,000,000 Ordinary Fully Paid Shares to be issued in a Placement to Sophisticated and Institutional Investors at 5 cents per share raising $3.5m to fund Puntland operations, Georgian operations and Texan operations, issue costs and working capital. 1,408,871 Ordinary Fully Paid Shares to be issued in lieu of consulting services 19,500 Ordinary Fully Paid Shares to be issued on exercise of listed options (5 cents, 31 Dec 2011) 7 Dates of entering 71,428,371 Ordinary Fully Paid Shares on +securities into or about 20 January 2010 uncertificated
holdings or despatch 151,595,332 Rights Issue Shares on or
of certificates about 23 February 2010 Number +Class 8 Number and +class of 757,976,657 * Ordinary fully paid shares all +securities quoted (RRS) on ASX (including the 64,901,186 securities in clause 2 Listed Options (RRSOA) if applicable) 340,505,105 * (A$1.00, 1 October 2010) Listed Attaching Options (RRSO) ($A0.05, 31 December 2011)
* 50m ordinary fully paid shares and 50m listed options RRSO (5 cents, 31 December 2011) still to be issued upon milestones in respect to the Georgian acquisition being:
- 20m shares and 20m options upon completion of phase 2 of the PSA; and
- 30m shares and 30m options upon completion of the first 2 wells under the PSA
Number +Class 9 Number and +class of 3,177,029 Unlisted Options (A$0.50, all +securities not 30 June 2012) quoted on ASX (including the securities in clause 2 if applicable) 10 Dividend policy (in the Not applicable case of a trust, distribution policy) on the increased capital (interests)
Part 2 - Bonus issue or pro rata issue
11 Is security holder approval NO required? 12 Is the issue renounceable or NON-RENOUNCABLE non-renounceable? 13 Ratio in which the +securities 1 FOR 4 will be offered 14 +Class of +securities to which ORDINARY FULLY PAID SHARES the offer relates 15 +Record date to determine 29 JANUARY 2010 entitlements 16 Will holdings on different N/A registers (or subregisters) be aggregated for calculating entitlements? 17 Policy for deciding entitlements ROUND DOWN in relation to fractions 18 Names of countries in which the N/A entity has +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of 15 FEBRUARY 2010 acceptances or renunciations 20 Names of any underwriters MAX CAPITAL PTY LTD 21 Amount of any underwriting fee 5% or commission 22 Names of any brokers to the N/A issue 23 Fee or commission payable to the N/A broker to the issue 24 Amount of any handling fee N/A payable to brokers who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on N/A +security holders' approval, the date of the meeting 26 Date entitlement and acceptance 1 FEBRUARY 2010 form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued N/A options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin N/A (if applicable) 29 Date rights trading will end (if N/A applicable) 30 How do +security holders sell N/A their entitlements in full through a broker? 31 How do +security holders sell N/A part of their entitlements through a broker and accept for the balance? 32 How do +security holders dispose N/A of their entitlements (except by sale through a broker)? 33 +Despatch date 23 FEBRUARY 2010
Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation ofsecurities34 Type of securities (tick one) (a) Securities described in Part 1 (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities
Entities that have ticked box 34(a)
Additional securities forming a new class of securities
Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders 36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities
Entities that have ticked box 34(b)
38 Number of securities for which +quotation is sought 39 Class of +securities for which quotation is sought 40 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities? If the additional securities do not rank equally, please state: * the date from which they do * the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment * the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security) Number +Class 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38)
Quotation agreement
1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.
2 We warrant the following to ASX.
• The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those +securities should not be granted +quotation.
• An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty
• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.
• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.
• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.
Sign here:Date: 20 January 2010Print name: Jane Flegg - Company Secretary
vendor