2015-09-02 16:22 MT - News Release
Mr. Daniel Guy of Harrington reports
HARRINGTON GLOBAL LIMITED ACQUIRES SECURITIES OF RANGE ENERGY RESOURCES INC.
Harrington Global Ltd., on behalf of Harrington Global Opportunities Fund Sarl, which it manages and advises, acquired today an aggregate of 23,886,000 common shares of Range Energy Resources Inc. in the open market at a price of 4.06 cents per common share.
Prior to the acquisition, the fund owned 52,547,000 common shares. As a result of the acquisition, the fund beneficially owns, and Harrington exercises control and direction over, an aggregate of 76,433,000 common shares, representing approximately 12.65 per cent of the issued and outstanding common shares of 604,315,066 as reported by Range in its management's discussion and analysis dated Aug. 27, 2015.
The securities of Range were acquired in the ordinary course of business for investment purposes only. Depending on market conditions and other factors, Harrington, on behalf of the fund, may from time to time acquire additional securities of Range or continue to hold or dispose of some or all of the securities of Range in the open market, by private agreement or otherwise.
This press release is issued pursuant to National Instrument 62-103 (the early warning system and related takeover bid and insider reporting issues), which requires a report to be filed on SEDAR containing additional information with respect to the foregoing matters.
For additional information, or for a copy of the early warning report filed in respect of the transactions described herein, please contact Daniel Guy at 1-441-704-6900.
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