13th Apr 2015 07:21
LONDON (Alliance News) - Range Resources Ltd Monday said the sale of its drilling services business has been delayed and is now expected to complete in April.
Range said in March that it it had expected the sale of Range Resources Drilling Services Ltd to complete by the end of that month, but now expects this to occur in April. It did not provide a reason for the delay.
So far, Range has received USD2.3 million of the sale proceeds. It is owed a further USD2.57 million.
Shares in Range are currently suspended.
By Sam Unsted; [email protected]; @SamUAtAlliance
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