July 27 (Reuters) - Range Resources Ltd RRS.AX :
* Sibo also advised it intends to subscribe for shares in an amount of US$22.1 million in cash as part of the tranche 2 investment
* Sibo has provided confirmation to Range that it received all government and regulatory approvals to complete the investment
* Says tranche 1 subscription proceeds of £5.2 million (approximately US$7.9 million) in cash have already been received by the company
* Says following completion of tranche 2, Range anticipates that the total funding provided by sibo will be approximately US$30 million
* Agreement signed by range's directors and management to subscribe for ordinary shares in an amount of US$0.3 million in aggregate in cash
* Says company continues to explore potential disposal options for its 20% interest in the guatemalan project
* Board and the management team believe that at current share price, co is substantially undervalued against its peers"
* Source text for Eikon ID:nASX6SY6XK