Issue of Equity
Range Resources Ltd
ABN 88 002 522 009
34 Parliament Place
West Perth WA 6005
PO Box 684
West Perth WA 6872
P: +61 8 9488 5200
F: +61 8 9321 6699
admin@rangeresources.com.au
19 November 2007
Completion of Placement & Dispatch of Disclosure Documents
Range Resources Ltd. (AIM Code: 'RRL' ASX Code: 'RRS') ("Range" or "the
Company") is pleased to announce that it has completed the placement of
18,180,000 new ordinary shares ("New Ordinary Shares") at an issue price of 22
pence each ("Placing Price") through London-based broker Fox-Davies Capital
Limited, with the second and final tranche of 5,636,455 shares being allotted.
Funds raised will be used to fund ongoing exploration costs in Puntland and
working capital. An appendix 3B is attached in respect of the placement.
The Company would also like to confirm that the disclosure documents in respect
of the Options Rights Issue and Option placement offer have been dispatched.
MICHAEL POVEY
Managing Director
For enquiries, please contact:
Range Resources Ltd. RFC Corporate Finance Fox-Davies Capital
(Nominated Adviser) (Broker)
Pete Landau Stuart Laing Daniel Fox-Davies
+ 61 8 9488 5200 +61 8 9480 2500 +44 (0)207 936 5200
www.rangeresources.com.au
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 or to Ordinary Full Paid Shares
be issued
2 Number of 5,636,455 Ordinary Fully Paid shares
+securities
issued or to
be issued (if
known) or
maximum number
which may be
issued
3 Principal Ordinary Fully Paid
terms of the
+securities
(eg, if
options,
exercise price
and expiry
date; if
partly paid
+securities,
the amount
outstanding
and due dates
for payment;
if
+convertible
securities,
the conversion
price and
dates for Conversion)
4 Do the Yes
+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
5 Issue price or 22 pence (Approximately AUD $0.49101)
consideration
6 Purpose of the Funds will be applied to the Puntland project and working
issue capital.
(If issued as
consideration
for the
acquisition of
assets,
clearly
identify those
assets)
7 Dates of 19 November 2007
entering
+securities
into
uncertificated
holdings or
despatch of
certificates
Number +Class
8 Number and 195,440,024 Ordinary fully paid shares
+class of all
+securities
quoted on ASX
(including the
securities in
clause 2 if
applicable)
Number +Class
9 Number and 5,000,000 Partly Paid Shares (up to 30 cents each, 30 cents
+class of all left to pay)
+securities
not quoted on
ASX (including
the securities 69,185,660* Options ($1.00, 1 October 2008)
in clause 2 if
applicable) 75,253,032* Options ($1.00, 1 October 2010)
2,952,029 Broker Options ($0.50, 30 June 2012)
10 Dividend Not applicable
policy (in the
case of a
trust,
distribution
policy) on the
increased
capital
(interests)
* These numbers represent the full amount on issue upon complete take-up of the
1 November 2007 non-renounceable entitlement Issue to shareholders and options
placement to optionholders.
Part 2 – Bonus issue or pro rata issue NA
11 Is security holder approval required? NA
12 Is the issue renounceable or non-renounceable? NA
13 Ratio in which the +securities will be offered NA
14 +Class of +securities to which the offer relates NA
15 +Record date to determine entitlements NA
16 Will holdings on different registers (or subregisters) be
aggregated for calculating entitlements? NA
17 Policy for deciding entitlements in relation to fractions NA
18 Names of countries in which the entity has +security holders NA
who will not be sent new issue documents
Note: Security holders must be told how their entitlements are
to be dealt with. NA
Cross reference: rule 7.7.
19 Closing date for receipt of acceptances or renunciations NA
20 Names of any underwriters NA
21 Amount of any underwriting fee or commission NA
22 Names of any brokers to the issue NA
23 Fee or commission payable to the broker to the issue NA
24 Amount of any handling fee payable to brokers who lodge
acceptances or renunciations on behalf of +security holders NA
25 If the issue is contingent on +security holders' approval, the
date of the meeting NA
26 Date entitlement and acceptance form and prospectus or Product
Disclosure Statement will be sent to persons entitled NA
27 If the entity has issued options, and the terms entitle option
holders to participate on exercise, the date on which notices
will be sent to option holders NA
28 Date rights trading will begin (if applicable) NA
29 Date rights trading will end (if applicable) NA
30 How do +security holders sell their entitlements in full
through a broker? NA
31 How do +security holders sell part of their entitlements
through a broker and accept for the balance? NA
32 How do +security holders dispose of their entitlements (except
by sale through a broker)? NA
33 +Despatch date NA
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: 19 November 2007
Print name: PETER LANDAU, EXECUTIVE DIRECTOR
== == == == ==
Latest directors dealings
- 1 day ago IntegraFin Holding
- 1 day ago Spirent Communications
- 1 day ago CRH (CDI)
- 1 day ago Bezant Resources
- 1 day ago EJF Investments Ltd NPV