Range Energy Resources Inc. announced that it has received loans totaling CAD 1,315,512 from non-arm's length parties to continue to fulfill its obligations to joint venture participants so that the development of the Khalakan Block in the Kurdistan Region of Iraq can continue as well as provide general working capital. The Loans are unsecured and evidenced by the loan agreements bearing an interest of 7% for the duration of the outstanding Loans, calculated and payable on demand. The Company may pay the loans in whole or in part, at any time without penalty.