In accordance with ASX Listing Rule 3.16.1 Range advises that Ms. Sara Kelly has been appointed to the
role of Joint Company Secretary effective immediately.
Still think the Cap'en stepping away is any different than at CCC?? 14513888
Chinese take over of Range. (imo)
Core Capital would hold approximately 47.4% on full conversion of the loan. Along with "A" with hold approx 65% of share on issue.
Ms. Juan (Kiki) Wang worked for Ocean before "A"
To date, the Company has not received any demand notification to call the loan in accordance with the
default provisions. Range is currently in discussions with Lind however, there remains uncertainty on the outcome of such discussions and at present the Board has yet to receive sufficient comfort that Lind will not issue a demand for repayment in the short term. Given the uncertainty over the Company’s financial position should such a demand for repayment be made, the Company will remain in suspension until such time as an agreement is reached with Lind, or the Company has sufficient alternative financing to repay the Lind facility in full.
I wouldn't be holding your breath on that funding. Which will put CTR in a "going concern" predicament given the last Q cash on hand.
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