Range Resources (ASX: RRS) has extended repayment of its US$6.5 million loan agreements with Platinum Partners to 30 April 2014.
The company had issued 100 million shares as collateral against the 6 month loan agreement dated 15 October 2013.
The extension is part of the company's current development and refinancing initiatives.
Range is carrying out drilling on at its producing onshore Trinidad blocks where it is also progressing waterflood plans to further boost oil production.
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