some negotiations are worth it..., page-7

Remember this as well folks:

Sydney - Thursday - December 15: (RWE Aust Business News) - Range
Resources Ltd (ASX:RRS) has negotiated the exercise of 125 million
existing options at an exercise price of 5c per share raising $6.25m.
The majority of the exercise money has been sourced from a
leading UK broker who will endeavour to see Range dual listed on AIM in
the first half of next year.
The exercise of the options is significant in that the raising,
coupled with the underwritten $3.9m (minimum) rights issue, underpins
exploration and development of Puntland.
Importantly, the $10m raising allows the company to choose its
joint venture and farm in partners without any pressing time or financial
constraints which may have led to sub optimal agreements being entered
into.
It aims to finalise negotiations early in the new year with
respect to an agreement with its first joint venture partner in Puntland.