Ranger Energy Ltd. (TSX-V: RGG.H) has completed its rights offering. Upon closing, Ranger issued 5,302,362 common shares of Ranger for $0.10 per share resulting in gross proceeds of $530,236. The company plans to use its proceeds to fund general working capital and capital expenditures of the company. Ranger has started evaluating international resource opportunities.
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Ranger Energy Ltd., formerly March Resources Corp., is a junior oil and gas exploration Company, with operations in Chile and central Alberta. The Corporation's primary business consists of the exploration and development of gas properties in Chile.
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