Range Resources Limited has executed formal agreements for a US$60 million funding package with Core Capital Management Co., Ltd (the "Investor"), a Chinese institutional investor. The new funding package replaces that contemplated under the Memorandum of Understanding announced on 3 November 2014.

Under the terms of the new funding package, funding remains subject to completion of due diligence within a period of 40 days from signing; all necessary regulatory and government approvals being obtained; and the shareholders of Range approving the transaction for the purposes of section 611 Item 7 of the Corporations Act 2001 (Cth) and ASX Listing Rule 7.1.

Tags: Range Resources Limited