Appendix 3B
20 January 2010
Companies Announcement Office
Australian Stock Exchange Limited
20 Bond Street
SYDNEY NSW 2000
Via E-lodgement
APPENDIX 3B
Please find attached an Appendix 3B
For and on behalf of the board
PETER LANDAU
Executive Director
For further information please contact:
Range Resources
Peter Landau
Tel : +61 (8) 8 9488 5220
Em: plandau@rangeresources.com.au
Australia London
PPR Conduit PR
David Tasker Jonathan Charles
Tel: +61 (8) 9388 0944 Tel: + 44 (0) 20 7429 6666
Em: david.tasker@ppr.com.au Em: jonathan@conduitpr.com
RFC Corporate Finance (Nominated Advisor) Old Park Lane Capital Plc
Stuart Laing Michael Parnes
Tel: +61 (8) 9480 2500 Tel: +44 (0) 207 518 2603
Range Background
Range Resources is a dual listed (ASX: RRS; AIM: RRL) 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 (TSXV:AOI) - 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 of
securities
34 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 2010
Print name: Jane Flegg - Company Secretary