Range International (ASX:RAN) Gains 20%: How Does Its Funding Position Look?

Sonal Goyal

12 November 2026 11:29 PM AEDT

Range International (ASX:RAN) Gains 20%: How Does Its Funding Position Look?

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Key highlights

Range International shares closed at 9.6 cents on 12 November 2026, up 20%, while the S&P/ASX 200 eased 0.07%.
On 11 November 2026 the company extended the term of its director and management Loan facilities to 31 January 2028.
The entitlement offer raised about A$937,000 before costs, and the amount due in December 2026 was reduced from about A$500,000 to A$150,000.

Shares in Range International Limited (ASX:RAN) closed at 9.6 cents on 12 November 2026, up 20% on the session. S&P/ASX 200 closed at 9,146.80, down 0.07%. Range manufactures Re>Pal zero-waste plastic pallets. Its latest update was an announcement dated 11 November 2026 covering updated loan facilities and a trading update.

Updated loan facilities

The company agreed with lenders owed most of an earlier directors and management loan Facility to extend the loan term to 31 January 2028. The amount falling due in December 2026 was reduced from about A$500,000 to about A$150,000. New facilities total A$365,000, drawn from directors, their associated entities and management, at 18% a year on amounts drawn, unsecured, with no conversion rights.

Entitlement offer and trading

The recent entitlement offer raised about A$937,000 before costs, and the board said it is directing the funds toward growth initiatives. In a trading update, the company referred to an existing client in the late stages of issuing a purchase order, and said it had earlier flagged that position in a 27 October quarterly update.

Sector context

Reusable and recycled pallet products compete in a logistics packaging market where customers weigh durability, cost and sustainability. The broader index was little changed on 12 November, so the move in Range shares is company-specific.

Risks and limitations

The new loan facilities carry an 18% Interest Rate and come from insiders, and the purchase order referred to in the trading update has not yet been confirmed in the announcement. Range is a small company and its growth depends on converting client pipelines into orders.

What to watch ahead

Investors will look for confirmation of the client purchase order and evidence that the entitlement offer proceeds are being deployed into growth.

FAQs

Q: What was the closing price of Range International on 12 November 2026?

A: Shares closed at 9.6 cents, up 20% on the session.

Q: When do the updated loans mature?

A: The term runs to 31 January 2028.

Q: How much did the entitlement offer raise?

A: About A$937,000 before costs.

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