2nd Jul 2015 07:55
LONDON (Alliance News) - Range Resources Ltd on Thursday said its application in Australia to set aside the USD7.225 million statutory demand the company received from Lind Asset Management LLC in March has not been successful.
In March, Lind demanded the repayment under the USD15 million loan facility it provided to Range.
Range said it is considering the decision made by the Supreme Court of Western Australia on its application, including a proposed appeal, and will update with any further developments.
Range shares were down 0.7% to 0.715 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Range Resources