Range River Gold Limited – Suspension Update
As advised to the market on 6 April 2011 the Company has now finalised standstill agreements both, with major creditors and Macquarie Bank Limited in respect to a prepaid gold facility and is now pursuing other funding options. Other funding options currently under consideration include a capital raising requiring the preparation of a prospectus. This work is ongoing and is not expected to be completed for a number of weeks. Given the incomplete nature of this work, RNG is not able to provide the market with sufficient detailed information at this time. The Company is concerned to ensure that its shares do not trade on an uninformed basis.
RNG will aim to ensure that all discussions and any actions arising are completed as soon as possible. The Company will work diligently to provide complete information to the market in a timely manner and to minimise the period in which its shares remain in suspension. The Company will provide a further update to the market before the commencement of trade on Monday 18 April 2011.
RNG is not aware of any reason why the voluntary suspension should not continue, or of any other information necessary to inform the market about the voluntary suspension.
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