The AIM quoted oil firm has now received a AU$500,000 cash payment.
It also benefits from an AU$830,000 'carry' on projects in Guatemala, and forgiveness on money owed to Citation totalling AU$189,000.
Range also receives 200mln new shares in Citation as part of the deal.
The company also now has the right to appoint a director to the board of Citation Resources, for as long as it owns at least 100mln shares.
The sale comes as Range focusses on its core assets in Trinidad.
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