8 Jul 2015 07:00
Lind Financing Update
Following the Company's announcement on 2 July 2015 relating to the Lind Asset Management, LLC financing, Range advises that the Supreme Court of Western Australia has made orders in respect of the deadline for payment of the statutory demand for an amount of US$7.225 million.
If no appeal is lodged by Range, the deadline for payment is 24 July 2015. If an appeal is lodged by Range, the deadline for payment would be 31 July 2015, or until further order of the Court.
Range is considering the court decision with its legal advisers, including a proposed appeal of the decision and will update the market upon further developments. In the event of an appeal the Company will seek a further extension of time to pay the demand pending the appeal hearing.
Further comment and information
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Range Resources Limited Evgenia Bezruchko (Investor Relations) e. admin@rangeresources.co.uk t. +44 (0)20 7520 9486
| Cantor Fitzgerald Europe (Nominated Advisor and Broker) David Porter / Sarah Wharry (Corporate Finance) Richard Redmayne (Corporate Broking) t. +44 (0)20 7894 7000
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