Harrington Global Limited

September 02, 2015 18:14 ET

Harrington Global Limited Acquires Securities of Range Energy Resources Inc.

TORONTO, ONTARIO--(Marketwired - Sept. 2, 2015) - Harrington Global Limited ("Harrington") announced that it, on behalf of Harrington Global Opportunities Fund S.à.r.l. (the "Fund"), which it manages and advises, has today acquired an aggregate of 23,886,000 common shares ("Common Shares") of Range Energy Resources Inc. ("Range") in the open market at a price of $0.0406 per Common Share (the "Acquisition").

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% of the issued and outstanding Common Shares of 604,315,066 as reported by Range in its Management's Discussion and Analysis dated August 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 Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) 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 above transactions, please contact Daniel Guy at 1-441-704-6900.

Contact Information

  • Daniel Guy
    1-441-704-6900