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JSE LIMITED - Completion of drawndown of $A35 million under the convertible facility agreement and share purchase agreement

Release Date: 10/04/2013 14:56
Code(s): JSER     PDF:  
Wrap Text
Completion of drawndown of $A35 million under the convertible facility agreement and share purchase agreement

 Range River Gold Limited

 ASX Release

                                COMPLETION OF DRAWDOWN OF $A35
10 April 2013
                             MILLION UNDER THE CONVERTIBLE FACILITY
                               AGREEMENT AND COMPLETION OF THE
                                   SHARE PURCHASE AGREEMENT
RANGE RIVER GOLD
LIMITED                      Range River Gold Limited (RNG) is extremely pleased to announce that it
(To be renamed The
Waterberg                    has successfully:
                  Coa
l                            •        drawn down $A35,000,000 under its convertible facility agreement
Company Limited) ABN                  with the Standard Bank of South Africa (SBSA); and
64 065 480 453
                             •        completed pursuant to the terms of the Share Purchase Agreement
                                      between Ariona, Sekoko Coal (Proprietary) Limited (Sekoko) and
                                      Sekoko Resources (Proprietary) Limited (Sekoko Resources).
Level 1
33 Richardson Street         The Company and its now fully owned subsidiary Ariona Company SA
West Perth WA
Australia                    (Ariona), have used part of the Facility Amount towards:

                             •        acquiring a 10% interest in the Waterberg Coal Project from
Tel: +61 8 9200 4243                  Sekoko Resources (Pty) Ltd;
Fax: +61 8 9200 4469
                             •        acquiring 480,000,000 ordinary shares in Firestone Energy Limited
                                      (FSE) from Sekoko Resources; and

                             •        paying fees in relation to transaction expenses (including legal
Contact
Mr Brian McMaster                     fees) incurred in relation to the Facility.
Chairman
                             The Company is in the process of preparing a third supplementary bidder's
                             statement to fully update FSE and RNG Shareholders on the matters set out
                             above and will be releasing it to the market over the coming days.
Email
info@rangerivergold.com.au
                             For further information please contact:

                             Mr Brian McMaster, Chairman
                             Range River Gold Limited Tel +61
Officeholders                8 9200 4243 Email:
Brian                        info@rangerivergold.com.au
McMaster
Jonathan Hart
Daniel
Crennan
Stephen Miller
Scott Funston
ASX Symbol
RNG




                                                    
Date: 10/04/2013 02:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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