Rangers issue a further four million new shares as Ibrox side receive February cash boost
ANOTHER four million shares have been issued in Rangers' holding company - at a cost of £1m.
The latest transaction in the shares of Rangers International Football Club PLC went through yesterday and was communicated on Companies House today.
It said: "They (Park and Bennett) will provide additional loan facilities as necessary to meet shortfalls to the above requirements and any further amounts that may be required a result of variances to forecast cash flows.
"The Board has considered the level and timing of additional funding that may be needed and is satisfied that any such amounts will be made available as and when required."
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Auditors admitted back in November that a "material uncertainty" remained over the club with losses since regime change six years ago totalling £80m, although since then the record sale of Nathan Patterson to Everton has gone through.
And we told you how losses since 2012 add up to a staggering £100m.
South Africa-based businessman King loaned his former club £5m but the lending came with an interest rate of 16 per cent.
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