Regarding the PP
It is of course good that Range Energy Resources get some capital.
A PP is usually the way to finance coming costs for drilling, and
what not. But I'm not all together pleased with the 22,727,272
warrants that entitles the holder to purchase one (1) additional
Common Share for a period of FIVE (5) YEARS at a price of $0.07
per Common Share. I honestly think that the price should have
been higher. Let's hope that whoever bought all the Units
(shares/warrants) is a long term investor.
GLTA / Bubo
.