Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Range arranges $2mln convertible loan with Gulf LNG

Tuesday, March 7, 2017 13:57
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Range Energy Resources Inc. (CNSX:RGO) said on Tuesday it has received a secured convertible loan for $2,007,600 from shareholder Gulf LNG America LLC, which is the second advance under the credit facility on a loan with Gulf agreed on on Feb. 14.

Read: Range Energy receives $1.46mln loan from Gulf, Harrington

Gulf is a significant shareholder of the Company.

The Loan involves a secured convertible promissory note in favour of Gulf for the principal amount of $2,007,600. The maturity date of the principal amount, interest and any fees of the Loan is March 5, 2018 and the rate of interest is 10% per annum.

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/174409/range-arranges-2mln-convertible-loan-with-gulf-lng-174409.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.