Range Resources Limited Announces Completion Of US$50 Million Canmex Joint Venture
2007 Mar 15 6:50 AM
Range Resources Limited announced the completion of all joint venture negotiations, formal documentation and regulatory approvals in respect of Canmex Mineral Corporation’s (Canmex) US$50m 80% farm in agreement in the Nogal and Dharoor Valleys in Puntland, Somalia. Under the terms of the joint venture, Range will now receive a signature bonus of US$5m with a further US$3.5m payable to Range upon commercial production.
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
