TIDMRRL

RNS Number : 2827W

Range Resources Limited

07 February 2017

US$20 Million Convertible Note Financing

Range is pleased to confirm that following Shareholder approval at the General Meeting of the Company held on 7 February 2017, all the conditions for the US$20 million convertible note financing have been met.

The issue of the convertible note is to replace a portion of the outstanding payable balance due to LandOcean Energy Services Co., Ltd. ("LandOcean") under the terms of the Integrated Master Services Agreement. At the date of entering into the Convertible Note Agreement (31 October 2016), the outstanding payable balance due to LandOcean was US$35.9 million.

Key terms of the convertible note can be found in the announcement published on 31 October 2016 and the Notice of Meeting dated 5 January 2017.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

 
  Contact details 
                                        Cantor Fitzgerald Europe 
   Range Resources Limited               (Nominated Advisor and 
   Evgenia Bezruchko (Group Corporate    Broker) 
   Development Manager)                  David Porter / Sarah Wharry 
   e. admin@rangeresources.co.uk         (Corporate Finance) 
   t. +44 (0)20 7520 9486                David Banks (Corporate 
                                         Broking) 
                                         t. +44 (0)20 7894 7000

This information is provided by RNS

The company news service from the London Stock Exchange

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February 08, 2017 02:00 ET (07:00 GMT)

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