('Range' or 'the Company')
8 September 2014 ASX Code: RRS AIM Code: RRL CONTACTS Range Resources LimitedRory Scott Russell
Cantor Fitzgerald Europe (Nominated Advisor and Broker) David Porter / Sarah Wharry (Corporate finance)Richard Redmayne (Corporate broking)
t. +44 (0)20 7894 7000
Buchanan (Financial PR - UK)Ben Romney / Helen Chan
t. +44 (0)20 7466 5000
e. rangeresources@buchanan.uk.com
International Petroleum and Guatemala Update International Petroleum Loan
Range advises that further to the Company's announcement on 4 August 2014, International Petroleum Ltd ("IOP") (NSX: IOP) has received approval today from its shareholders for, inter alia, the sale of its Russian assets and the issue of shares in IOP and options over shares in IOP in satisfaction of Range's loan.
The only remaining condition precedent to the settlement of Range's loan is the completion of the sale of the Russian assets by IOP.
The Company will release a separate announcement on completion of the sale.
Range notes the announcement released today by Citation Resources Limited
("Citation") (ASX: CTR) on the Guatemalan Project.
Investors are encouraged to read the full announcement, which can be accessed at:
http://www.asx.com.au/asxpdf/20140908/pdf/42s24ygt69bp26.pdf
Range holds approximately 23% total interest in the Guatemalan Project (via its
20% ownership in Latin American Resources Ltd and 5% ownership in Citation). Yours faithfully
Chief Executive Officer
Australian Office945 Wellington Street
West Perth, WA 6005
Australia
t. +61 8 9322 7600
f. +61 8 9322 7602
UK OfficeSuite 1A, Prince's House
38 Jermyn Street London, SW1Y 6DN United Kingdom
t. +44 (0)20 7025 7040
f. +44 (0)20 7287 8028
e. admin@rangeresources.co.uk www.rangeresources.co.uk
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