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Range Resources confirms $30m convertible note financing

Wed, 08th Feb 2017 14:14

(ShareCast News) - Shares in Range Resources are up almost 9% as it confirmed all conditions for a $30m convertible note financing have been met.This followed shareholder approval at a general meeting on Tuesday.The convertible note was to replace a portion of the outstanding payable balance due to LandOcean Energy Services Co., Ltd., under the Integrated Master Services Agreement.Range said the convertible note agreement was entered on 31 October, 2016, at which time the outstanding payable balance to LandOcean was $35.9m.At about 13:16 GMT, shares in AIM-quoted Range were up 8.91% to 0.38p.
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8 Apr 2010 08:50

Small caps round-up: Strategic Thought, Tricorn, Oxford Instruments ...

Shares in provider Strategic Thought, which provides risk management software to large organisations such as the miner Rio Tinto and the London Underground, fell after it said results will fall short of expectations as a result of slippage in two major contracts. It expects revenues for the year to

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14 Dec 2009 08:18

Small caps round up: Capital & Regional, Formation, ILX...

Property asset manager Capital & Regional announced that the Junction Fund has sold Kittybrewster Retail Park in Aberdeen and Slough Retail Park to Fund Managers Threadneedle Property Investments for a price of £81.74m. Capital & Regional has an interest of 13.4% in the Junction Fund. Shares in pro

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9 Jul 2009 08:17

Small caps round-up: MBL, Netplay, Playtech...

Big profits and a maiden dividend have sent entertainment products distributor MBL charging higher Thursday. The supplier of CDs, DVDS and games reported a 42% hike in pre-tax profit for the year ended 31 March 2009 to £8.1m on revenue up 77.5% to £143.6m. Its major competitor, Entertainment UK, t

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