Range Resources Limited Signs A Sale and Purchase Agreement With Wilson Energy Services Inc.

October 23, 2019 03:52 AM EDT | By Team Kalkine Media

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Range Resources Limited (RRL) has signed a Sale and Purchase Agreement with Wilson Energy Services Inc., for the sale of four drilling rigs and related equipment.
The agreement signed with the company incorporated in Canada is for a total cash consideration of USD3.6 million.
The agreed long stop date for the transaction is 8 November 2019, and its completion is subject to the satisfaction of some key conditions.
On 23^rd October 2019, at the time of writing, GMT 08:02 AM, RRL shares were trading at GBX 0.04, up by 0.01 points or 15.38% against the previous day closing price.

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