Range River Gold Ltd Increases Takeover Offer For Firestone Energy Limited

Wednesday, 27 Mar 2013 07:10am EDT 

Range River Gold Ltd announced that it has substantially increased the consideration offered under takeover bid for Firestone Energy Limited (FSE) (Takeover Offer) and freed the Takeover Offer from all defeating conditions. RNG has substantially increased the Takeover Offer to 1.25 fully paid ordinary shares in the capital of RNG (RNG Shares) for every two fully paid ordinary shares in the capital of FSE (FSE Shares) (Increased Offer). Upon completion of the consolidation of all securities of RNG on a one for 10 basis (as approved by RNG shareholders in general meeting) (Consolidation), the Increased Offer will amount to 1.25 RNG Shares for every 20 FSE Shares held by shareholders of FSE. 

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