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Range International Limited (ASX:RAN)

ALERT: Price-sensitive ASX Announcement for RAN
Current share price for RAN : $0.190 0.187 (5,328.57%)+
Announcement
Release
23 Sep 2025 10:14AM
Price at Release
$0.004
Full Release
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Summary
Range International Limited announced a successful capital raise of A$1.57 million through a placement of shares, divided into two tranches. The first tranche of A$280,000 uses the company's existing ASX capacity, while the second tranche of A$1.297 million awaits shareholder approval. This capital injection will fund the company's growth initiatives, including an Indonesian pallet rental expansion and a foray into the Philippines, alongside debt repayment and working capital. The placement shares were offered at a discount, and the initiative was supported by existing management and directors. Mark Skipper is set to join the board following the first tranche as a Non-Executive Director.
Key Points
  • Range International Limited (ASX:RAN) raised A$1.57 million via a two-tranche placement.
  • Tranche 1 raised A$280,000 and Tranche 2 will raise A$1.297 million, subject to shareholder approval.
  • The funds will be used for Indonesian pallet rental opportunity, expansion into the Philippines, repayment of debt, and working capital.
  • The placement shares were issued at A$0.002 each, representing a 33.3% discount to the last traded price.
  • The placement was supported by existing directors and management.
  • Mark Skipper will join the board as a Non-Executive Director upon completion of Tranche 1.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.