26th Aug 2015 08:30
LONDON (Alliance News) - Range Resources Ltd on Wednesday said the deadline for the payment related to its financing deal with Lind Asset Management LLC has been extended until seven days after the determination of Range's appeal to an Australian court, which is due to be heard on September 10.
That means the deadline has been extended, assuming the hearing goes ahead, to September 17.
Range has made a USD5 million payment to Lind and said it will continue to provide updates on the case.
Lind has made a USD7.225 million statutory demand to Range related to the USD15.0 million loan facility it provided to the company.
Range shares were down 3.8% to 0.53385 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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