another hedge fund gets set...
21 December 2006 Companies Announcement Office Australian Stock Exchange Limited 20 Bond Street SYDNEY NSW 2000 By E-Lodgement STRATEGIC INVESTMENT The Board of Range Resources Limited (ASX: RRS) is pleased to advise that the Company has secured a strategic $1.5m investment from Firebird Global Master Fund, Ltd and Firebird Global Master Fund II, Ltd., as Range presses ahead with finalising the US$50m Canmex farm in agreement in Puntland and an AIM Listing. Both Cayman-domiciled hedge funds are affiliated with New York-based Firebird Management LLC, which manages over US$2.75b in eight funds dedicated to equity investment in emerging markets. Full details are attached in the Appendix 3B (2.3 cents per share with a free attaching 5 cent Oct 2007 option). Yours Faithfully MICHEAL POVEY Managing Director For further information please contact Joanna Kiernan +61 8 9488 5200 [email protected]
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
