Total
0
Shares
Range International (ASX:RAN) - CEO, Stephen Bowhill
CEO, Stephen Bowhill
Source: Range International/Twitter
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Range International (RAN) begins the week in a trading halt while it plans the details of an upcoming capital raising
  • The company will remain in the halt until August 25 or when more details regarding the raise are released, which ever occurs first
  • In its recent half-year report, Range recorded revenue of US$984,000 (A$1.37 million) up 73.5 per cent from the prior corresponding period
  • As of June 30, 2021, the company had cash and cash equivalents of US$680,000 (AS$949,212)
  • Shares in Range last traded at 1.3 cents

Range International (RAN) has begun the week in a trading halt while it plans the details of an upcoming capital raising.

The company will remain in the halt until August 25 or when more details regarding the raise are released, which ever occurs first.

Range is yet to disclose how much it intends to raise or what it will use the funds for once received.

In its recently released half-year report, the company recorded revenue of US$984,000 (A$1.37 million), up 73.5 per cent from the prior corresponding period (pcp).

Range also reported a net loss of US$1.38 million (A$1.92 million), down 23.4 per cent from the pcp.

As of June 30, 2021, the company had cash and cash equivalents of US$680,000 (AS$949,212).

Range last asked investors for cash in January when it undertook a $1.8 million placement.

The funds were raised through the issue of 90 million fully paid ordinary shares to sophisticated and professional investors at two cents.

Participants also received one free attaching unlisted option for every two shares subscribed for.

Once received, Range used the funds to support improvements in raw material procurement and plastic processing as well as increase production capacity.

Shares in Range last traded at 1.3 cents.

RAN by the numbers
More From The Market Herald
Serko (ASX:SKO)- CEO, Darrin Grafton

" Serko (ASX:SKO) completes $72m placement

Serko Limited (SKO) has announced the successful completion of its NZ$75 million (A$72 million) placement.
Registry Direct (ASX:RD1)- Founder and CEO, Steuart Roe

" Registry Direct (ASX:RD1) ends week in trading halt

Registry Direct (RD1) has ended the week in a trading halt as it plans an upcoming capital raise.

" Elmore (ASX:ELE) enters trading halt amid capital raise

Elmore (ELE) has requested a trading halt to allow the board to finalise a capital raise.
White Rock Minerals (ASX:WRM) - Managing Director, Matt Gill

" White Rock Minerals (ASX:WRM) enters halt ahead of fundraise

White Rock Minerals (WRM) has placed its securities in a trading halt as it gets ready to raise extra funds through a capital