Here is the extract:OFFER TO SHAREHOLDERS &...

Here is the extract:

OFFER TO SHAREHOLDERS & OPTIONHOLDERS

Following the recent AIM listing finalization and recent issues with the TFG, RangeResources Limited (“Range”) is pleased to advise that it has decided to proceed with thefollowing initiatives to shareholders and option holders. (1 October 2007)
(a) Each holder of listed options (as at 1 August 2007) will be offered a placement (subject to shareholder approval) whereby they can subscribe for 1 new option (unlisted, $1.00, 1 October 2008) at a subscription price of 1 cent ($0.01). Options not taken up will
be offered to option holders who acquired options between 2 August and 13 September
(and have retained the holding) on a one to one basis. No shortfall will be placed or underwritten.
(b) A 1 for 8 issue to existing shareholders of 1 option (listed, $1.00, 1 October 2010) for
every 8 shares held at a subscription price of 1 cent ($0.01) per option.

Funds received
(approximately $900,000) will be used for the Puntland Project.

Upon receipt of ASX approval, a timetable and other relevant details will be announced.