Appendix 3B
25 March 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
Listed Options (RRSO 5 cents, 31 Dec 2011)
Unlisted Options (5 cents, 31 Mar 2015)
Unlisted Director Options (10 cents, 31 Dec 2011)
2 Number of +securities issued 40,000,000 Ordinary Fully Paid
or to be issued (if known) or Shares to be issued in a Placement
maximum number which may be to Sophisticated and Institutional
issued Clients of Old Park Lane Capital PLC
as approved by shareholders at the
Company's General Meeting held on 19
March 2010.
18,845,645 Unlisted Options (5
cents, 31 Mar 2015) to be issued to
Old Park Lane Capital PLC as
approved by shareholders at the
Company's General Meeting held on 19
March 2010.
60,000,000 Unlisted Directors
Options (10 cents, 31 Dec 2011) to
be issued to the Board of Directors
as approved by shareholders at the
Company's General Meeting held on 19
March 2010.
6,291 Ordinary Fully Paid Shares to
be issued on exercise of listed
options (RRSO 5 cents, 31 Dec 2011)
6,000,000 Ordinary Fully Paid Shares
and 73,982,857 listed options (RRSO
5 cents, 31 Dec 2011) in
consideration for Broker,
Facilitation, Financing, Capital
Raising and Corporate Advisory Fees.
3 Principal terms of the 40,000,000 Ordinary Fully Paid
+securities (eg, if options, Shares to be issued in a Placement
exercise price and expiry to Sophisticated and Institutional
date; if partly paid Clients of Old Park Lane Capital PLC
+securities, the amount as approved by shareholders at the
outstanding and due dates for Company's General Meeting held on 19
payment; if +convertible March 2010.
securities, the conversion
price and dates for 18,845,645 Unlisted Options (5
conversion) cents, 31 Mar 2015) to be issued to
Old Park Lane Capital PLC as
approved by shareholders at the
Company's General Meeting held on 19
March 2010.
60,000,000 Unlisted Directors
Options (10 cents, 31 Dec 2011) to
be issued to the Board of Directors
as approved by shareholders at the
Company's General Meeting held on 19
March 2010.
6,291 Ordinary Fully Paid Shares to
be issued on exercise of listed
options (RRSO 5 cents, 31 Dec 2011)
6,000,000 Ordinary Fully Paid Shares
and 73,982,857 listed options (RRSO
5 cents, 31 Dec 2011) in
consideration for Broker,
Facilitation, Financing, Capital
Raising and Corporate Advisory Fees.
4 Do the +securities rank Yes - Ordinary Fully Paid
equally in all respects from and Listed Options (RRSO, 5 cents 31 Dec 2011)
the date of allotment with an
existing +class of quoted No - New Class
+securities? Unlisted Options (5 cents, 31 Mar 2015)
and Unlisted Director Options (10 cents, 31 Dec 2011)
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 40,000,000 Ordinary
consideration Fully Paid Shares to
be issued in a
Placement to
Sophisticated and
Institutional Clients
of Old Park Lane
Capital PLC as
approved by
shareholders at the
Company's General
Meeting held on 19
March 2010, raising
$2m before costs.
Funds raised will be
used to assist in
operational
activities on the
Company's Puntland,
Georgian and Texan
operations, working
capital requirements
and issue costs.
18,845,645 Unlisted
Options (5 cents, 31
Mar 2015) to be
issued to Old Park
Lane Capital PLC as
approved by
shareholders at the
Company's General
Meeting held on 19
March 2010.
60,000,000 Unlisted
Directors Options (10
cents, 31 Dec 2011)
to be issued to the
Board of Directors as
approved by
shareholders at the
Company's General
Meeting held on 19
March 2010.
6,291 Ordinary Fully
Paid Shares to be
issued on exercise of
listed options (RRSO
5 cents, 31 Dec 2011)
6,000,000 Ordinary
Fully Paid Shares and
73,982,857 listed
options (RRSO 5
cents, 31 Dec 2011)
in consideration for
Broker, Facilitation,
Financing, Capital
Raising and Corporate
Advisory Fees.
6 Purpose of the 40,000,000 Ordinary
issue Fully Paid Shares to
be issued in a
(If issued as Placement to
consideration Sophisticated and
for the Institutional Clients
acquisition of of Old Park Lane
assets, Capital PLC as
clearly approved by
identify those shareholders at the
assets) Company's General
Meeting held on 19
March 2010, raising
$2m before costs.
Funds raised will be
used to assist in
operational
activities on the
Company's Puntland,
Georgian and Texan
operations, working
capital requirements
and issue costs.
18,845,645 Unlisted
Options (5 cents, 31
Mar 2015) to be
issued to Old Park
Lane Capital PLC as
approved by
shareholders at the
Company's General
Meeting held on 19
March 2010.
60,000,000 Unlisted
Directors Options (10
cents, 31 Dec 2011)
to be issued to the
Board of Directors as
approved by
shareholders at the
Company's General
Meeting held on 19
March 2010.
6,291 Ordinary Fully
Paid Shares to be
issued on exercise of
listed options (RRSO
5 cents, 31 Dec 2011)
6,000,000 Ordinary
Fully Paid Shares and
73,982,857 listed
options (RRSO 5
cents, 31 Dec 2011)
in consideration for
Broker, Facilitation,
Financing, Capital
Raising and Corporate
Advisory Fees.
7 Dates of entering 25 March 2010
+securities into
uncertificated holdings
or despatch of
certificates
Number +Class
8 Number and +class of 853,583,049 * Ordinary fully paid shares (RRS)
all +securities quoted
on ASX (including the 64,897,125 Listed Options (RRSOA)
securities in clause 2 (A$1.00, 1 October 2010)
if applicable)
421,452,742 * Listed Attaching Option (RRSO)
($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 .
Number +Class
9 Number and +class of 18,845,645 Unlisted Options (A$0.05, 31 Mar 2015)
all +securities not
quoted on ASX
(including the 60,000,000 Unlisted Directors Options (A$0.10, 31 Dec 2011)
securities in clause 2
if applicable)
3,177,029 Unlisted Options (A$0.50, 30 June 2012)
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 N/A
required?
12 Is the issue renounceable or N/A
non-renounceable?
13 Ratio in which the +securities N/A
will be offered
14 +Class of +securities to which N/A
the offer relates
15 +Record date to determine N/A
entitlements
16 Will holdings on different N/A
registers (or subregisters) be
aggregated for calculating
entitlements?
17 Policy for deciding entitlements N/A
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 N/A
acceptances or renunciations
20 Names of any underwriters N/A
21 Amount of any underwriting fee N/A
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 N/A
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 N/A
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: 25 March 2010
Print name: Jane Flegg - Company Secretary
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