News: Range Resources receives £382,000 from exercise of options

Range Resources (ASX: RRS, AIM:RRL) has received £382,000 (A$700,627.87) in funds from the exercise of 70,833,334 unlisted options into shares on the London’s AIM exchange.

Following the option exercise, the company will have an issued ordinary share capital of 4,521,201,868 shares.

The options exercised consisted of:

- 6,250,000 Unlisted Options (£0.006, 31 March 2017);
- 14,583,334 Unlisted Options (£0.006, 30 April 2017);
- 7,500,000 Unlisted Options (£0.005, 30 April 2017);
- 35,500,000 Unlisted Options (£0.005, 31 May 2017); and
- 7,000,000 Unlisted Options (£0.006, 31 May 2017).

Range had recently increased its Trinidad production by 18% to 630 barrels of oil per day and its total Proved and Probable Reserves by 9.4% to 22.1 million barrels of oil.

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