Silver Range Resources Ltd. Announces Private Placement
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 PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
February 11, 2020 – Vancouver, B.C. – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver
Range”) announces a non-brokered private placement of up to 7,500,000 units at a price of $0.08
each for total proceeds of up to $600,000. Each unit will consist of one common share and one
non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one
additional common share at a price of $0.16 for a period of two years from closing.
In the event the closing price of Silver Range shares is $0.20 or greater for a period of ten
consecutive trading days subsequent to the expiry of the applicable four month hold period after
closing, Silver Range will have the right to provide all warrant holders with notice of an earlier
expiry date for the warrants – in such event, the warrants would expire thirty calendar days from
the giving of such notice. This offering is subject to re gulatory acceptance. The financing may
close in tranches with the final tranche expected to close before mid-March, 2019.
The proceeds from this private placement will be used for working capital and exploration work
in Nevada, Nunavut and the Northwest Territories.
Silver Range is a precious metals prospect generator working in Nunavut , Nevada and the
Northwest Territories. It has assembled a portfolio of 45 properties, 6 of which are currently
under option to others . Silver Range is actively seeking other joint venture partners to explore
the high grade precious metal targets in its portfolio.
The securities referred to in this news release have not been, nor will they be, registered under
the United States Securities Act of 1933 , as amended, and may not be offered or sold within the
United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an
applicable exemption from the U.S. registration requirements. This news release does not
constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United States must be made by means of a
prospectus containing detailed information about the company and management, a s well as
financial statements.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Mike Power”
President, C.E.O. & Director
For further information concerning Silver Range or its exploration projects please contact:
2
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 release.
This news release may contain forward looking 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 ris k factors beyond its control, and actual results may differ materially
from the expected results.