Range River Makes Important Step Towards Firestone Energy Takeover with $35 Million Draw Down

Mining Weekly reported that Range River Gold, which is in active pursuit of Firestone Energy with a hostile takeover bid has secured a drawn down of $35-million under its convertible facility agreement with Standard Bank.

As quoted in the market report:

Range River’s acquisition of Ariona Company and securing the A$35-million in funding from Standard Bank had formed part of the various conditions standing in the way of the Firestone takeover.

To view the whole Mining Weekly report, click here.