Silver Range Resources Ltd. Announces Board Adoption of a Shareholder Rights Plan
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE RESOURCES LTD. ANNOUNCES BOARD ADOPTION OF A
SHAREHOLDER RIGHTS PLAN
November 22, 2021- Silver Range Resources Ltd. (TSX-V: SNG) (“Silver Range ”) has approved the
adoption of a shareholder rights plan designed to provide its shareholders with full and fair value in the
event of a possible takeover bid for its common shares. Adoption of this shareholder rights plan will be
submitted for ratification by shareholders at a general meeting to be held by May 1 9, 2022, and is subject
to regulatory acceptance.
Silver Range believes that this shareholder rights plan preserves the fair treatment of shareholders, and is
consistent with Canadian corporate pra ctice and institutional investor guidelines. The objective of the
shareholder rights plan is to ensure that, in the event of a bid for control through acquisition of Silver
Range’s common shares, there are provisions in place to:
• provide for the orderly presentation of permitted bids to shareholders;
• provide adequate time for competing bids to emerge;
• ensure shareholders have an equal opportunity to participate in competing bids;
• give shareholders adequate time to properly assess any competing bids; and
• explore and develop alternatives for maximizing shareholder value.
Under the terms of the shareholder rights plan, Silver Range will distribute one right of exercise for every
common share outstanding as at the time of record. The rights issued under the shareholder rights plan
will become exercisable when a person, including any related parties, acquires or announces its intentio n
to acquire 20 per cent or more of Silver Range’s outstanding common shares without complying with the
permitted bid provisions or without approval of Silver Range’s Board of Directors. If that occurs, each
right would entitle a holder, other than the acq uiring person and related parties, to purchase common
shares of Silver Range at a substantial discount to their market value.
A permitted bid must be made through a takeover bid circular prepared in compliance with applicable
securities laws, remain open for 60 days and satisfy certain other conditions.
As of the date of this News Release, Silver Range is not aware of any pending or threatened takeover bid
for its common shares.
For additional information concerning Silver Range Resources Ltd., please visit Silver Range’s website at
www.silverrangeresources.com.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has
assembled a portfolio of 45 properties, of which 16 are currently under option to others . Three other
properties have been converted to royalty interests. Silver Range is actively seeking other joint venture
partners to explore the high-grade precious metals targets in its portfolio.
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ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Michael A. Power”
President, Chief Executive Officer and Director
For further information concerning Silver Range or its exploration projects please contact:
Investor Inquiries
Richard Drechsler
Vice-President, Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
http://www.silverrangeresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
This news release may contain forward loo king statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected results.