(d) transactions with related parties During the year, Range Resources Limited entered into a loan agreement with Continental Coal Limited, a company which Peter Landau is a Director, in which $2,115,210 was advanced to Continental. The loan is interest bearing and repayable in Australian dollars on or before 31 December 2012. ConsoLiDateD 2012 $ 2011 $ Consulting fees paid or payable to Okap Ventures Pty Ltd, a company in which Mr Landau is a Director, for the provision of corporate advisory, capital raising, company secretarial, investor / public relations and associated services including provision of all financial and administrative staff and office space in West Perth and London. 1,361,796* 1,195,000 Consulting fees paid or payable to Doull Holdings Pty Ltd, a company in which Mr Landau is a Director. 300,000 300,000 Consulting fees paid or payable to Smiding Pty Ltd, a company in which Mr Eastman is a Director. 100,000 75,000 *includes prepayment for reimbursable expenses to be incurred by the company. ConsoLiDateD amounts payable at year end to related parties: 2012 $ 2011 $ Okap Ventures Pty Ltd 278,483 305,661 Doull Holdings Pty Ltd 25,000 25,000 Smiding Pty Ltd 22,985 41,667 Strait Oil and Gas (UK) Ltd - -
RRS Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
