InvestSMART

Range International Limited (ASX:RAN)

ALERT: Price-sensitive ASX Announcement for RAN
Current share price for RAN : $0.100 0.098 (4,900%)+
Announcement
Release
3 Jun 2026 9:55AM
Price at Release
$0.002
Full Release
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Summary
Range International Limited announced a secured loan facility agreement totaling A$454K to support its growth initiatives, particularly in expanding its rental pallets business. The loan is set for a 24-month term with an 18% annual interest rate, capitalized monthly and paid quarterly. The funds will be fully drawn upon execution, with early repayment options available after 18 months. The facility is secured by rental pallets produced in Indonesia and certain manufacturing equipment, arranged with professional investors, excluding related parties. This strategic financial move is aimed at capitalizing on an emerging business opportunity in the rental pallets sector.
Key Points
  • Range International Limited has entered into secured loan facility agreements totaling A$454K to accelerate growth initiatives.
  • The loan facility is for a term of 24 months with an interest rate of 18% per annum.
  • The funds will be used to expand the Company's rental pallets business.
  • The loan facility was arranged with professional and sophisticated investors, excluding related parties and substantial shareholders.
  • The security for the loan includes rental pallets manufactured by PT Repal Internasional Indonesia.
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.