Range Energy financing plus litigation halt expires but talks continue

Range Energy {CSE: RGO} confirm the issuance of 75 million shares at 4c each to raise up to $3 million to maintain their position at Khalakan in good standing, and for general working capital purposes.

The litigation halt between Range and their partners at Khalakan has now expired, but the parties remain in talks to extend the truce or secure a permanent one. Continue reading

Big day looms for investors in two troubled companies

Minera IRL {AIM: MIRL} and Former Quindell {AIM: QPP} (now WatchstoneGroup {AIM: WTG}) shareholders will receive big decisions today in their respective companies.

The postponed Minera EGM vote will finally be taken, and former QPP shareholders will learn of the court will approve the 90p special dividend after 312 former Quindell shareholders launched a legal action against the company two days ago. Continue reading

Minera IRL issues an RNS on a Saturday!

Minera IRL {AIM: MIRL} has issued a news release on a Saturday!  This is extremely unusual, if not totally unique, but sadly the shareholders of this company are used to the unusual by now!

In the ongoing dispute between the BOD and their Peruvian subsidiary, the postponed EGM is set to conclude this Wednesday, and the wording of the RNS now leaves the result in some considerable doubt. Continue reading