from Proactive investors: Range Resources (LON:RRL) 0.36p...

from Proactive investors:

Range Resources (LON:RRL) 0.36p £27.34m
The exploration and production Company confirmed that following Shareholder approval at the General Meeting of the Company held on 7 February 2017, all the conditions for the US$20 million convertible note financing have been met.
The issue of the convertible note is to replace a portion of the outstanding payable balance due to LandOcean Energy Services Co., Ltd. ("LandOcean") under the terms of the Integrated Master Services Agreement. At the date of entering into the Convertible Note Agreement (31 October 2016), the outstanding payable balance due to LandOcean was US$35.9 million.