25 Jan 2010 07:57
ABN 88 002 522 009Level 3, 1 Havelock StreetWest Perth, WA 6005P +61 8 9488 5220F +61 8 9324 240025 January 2010The ManagerCompany Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge StreetSydney NSW 2000By e-lodgement NOTICE UNDER SECTION 708A
In respect of the recent placement of ordinary fully paid shares in Range Resources Limited the offer was made to professional and sophisticated investors (as described in Section 708 of the Corporations Act). The securities are part of a class of securities quoted on the Australian Securities Exchange.
The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations Act.
The shares were issued without disclosure to investors under Part 6D.2, in reliance on Section 708A(5) of the Corporations Act 2001.
As at the date of this notice, the Company has complied with:
a. the provisions of Chapter 2M of the Corporations Act as they apply to the
Company; and
b. Section 674 of the Corporations Act.
There is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act.
A portion of the fully paid ordinary shares are to be issued to sophisticated and institutional investors in the United Kingdom ("UK") and allotted on the company's UK register.
Yours faithfullyPETER LANDAUExecutive Director
For further information please contact:
Range ResourcesPeter LandauTel : +61 (8) 8 9488 5220
Em: plandau@rangeresources.com.au
Australia LondonPPR Conduit PRDavid Tasker Jonathan CharlesTel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7429 6666Em: david.tasker@ppr.com.au Em: jonathan@conduitpr.com
RFC Corporate Finance (Nominated Advisor) Old Park Lane Capital Plc
Stuart 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.
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