RGO Range Energy Inc

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Range Metals Inc. (CNSX:RGO)(FRANKFURT:YGK) ("Range or the "Company") is pleased
to announce that in connection with negotiations to acquire an interest in an
oil and gas property located in the Middle East, it has engaged Roche Securities
Ltd. of Toronto, Ontario to raise up to $10 million by way of Subscription
Receipts, each subscription receipt to be sold at a price of $0.20.


If the negotiations to acquire the property interest prove successful, it is
expected that the proceeds of the financing will be used principally to finance
the purchase price of the acquired interest. The proceeds from the sale of the
Subscription Receipts will be held in escrow and released concurrently with
completion of the acquisition, whereupon each Subscription Receipt will convert
into a unit consisting of one common share and 1/2 share purchase warrant. Every
two warrants will entitle the holder to acquire one common share of the Company
for $0.25 for a two year period following issuance of the units.


On Behalf of the Board of Directors:

Donald R. Sheldon, President

This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although Range believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of Range's management on the date the statements are made. Range
undertakes no obligation to update these forward-looking statements in the event
that management's beliefs, estimates or opinions, or other factors, should
change, except as required by law.

Range Energy (CSE:RGO)
Historical Stock Chart
From May 2024 to Jun 2024

Range Energy (CSE:RGO)
Historical Stock Chart
From Jun 2023 to Jun 2024