Silver Range Resources Ltd. Announces Private Placement
Suite 510 – 1100 Melville Street
Vancouver, B.C. V6E 4A6
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
April 30, 2024 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range”) announces
a non-brokered private placement for total proceeds of up to $300,000 (the “Offering”).
The Offering
The Offering will consist of up to 3,750,000 units at a price of $0.08 per unit. Each unit will consist of one
common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase
one additional common share at a price of $0.16 for a period of two years from the closing of the Offering.
The Offering will be conducted pursuant to available prospectus exemptions, including sales to : (i) accredited
investors; (ii) employees, executive officers, directors and consultants; and (iii) family and close personal friends
and business associates of directors and officers of Silver Range. Depending on demand and regulatory
requirements, a portion of the Offering may also be made in accordance with the provisions of the existing
shareholder exemption (the "Existing Shareholder Exemption") contained in Multilateral CSA Notice 45-313 and
the various corresponding blanket orders and rules of participating jurisdictions . The Existing Shareholder
Exemption is not available in Ontario or Newfoundland and Labrador.
The maximum gross proceeds from the Offering will be $300,000. Unless unforeseen events or opportunities
arise, the use of proceeds from the Offering will be used by Silver Range as unallocated working capital and to
fund exploration activities in the United States. All Silver Range securities issued as part of the Offering will be
subject to a hold period expiring four months and one day from the date of closing of the Offering (the “Hold
Period”).
If the closing market price of Silver Range shares is equal to or greater than $0.20 for a period of ten consecutive
trading days following the expiry of the Hold Period , Silver Range will have the right to provide all warrant
holders with notice that the expiry date for the warrants has been shortened to 30 calendar days from the giving
of such notice. The Offering is subject to TSX Venture Exchange acceptance.
Existing Shareholder Exemption Specifics
Silver Range has set April 30, 2024 as the record date (the “Record Date”) for the purpose of determining existing
shareholders entitled to purchase units pursuant to the Existing Shareholder Exemption. Subscribers purchasing
units under the Existing Shareholder Exemption will need to represent in writing that they meet certain
requirements of the Existing Shareholder Exemption, including that they were, on or before the Record Date, a
shareholder of Silver Range (and are still a shareholder). The aggregate acquisition cost to an i ndividual
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subscriber under the Existing Shareholder Exemption cannot exceed $15,000 unless that subscriber has obtained
advice from a registered investment dealer regarding the suitability of the investment.
Unless Silver Range determines to increase the gross proceeds of the Offering and receives TSX Venture
Exchange acceptance for such increase, if subscriptions received for the Offering based on all available prospectus
exemptions exceed the maximum Offering amount of $ 300,000, the units will be allocated pro rata amongst all
subscribers qualifying under all available exemptions.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator with projects in the Southwest United States. and Northern
Canada. The Company is focusing current and future work in the Southwest United States. It has assembled a
portfolio of 38 properties, 10 of which are currently optioned to other parties. Five other projects have been
converted to royalty interests. Silver Range is actively seeking other joint venture partners to explore the high -
grade precious metals opportunities 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, as well as financial statements.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Mike Power”
President and CEO
For further information concerning Silver Range or its exploration projects please contact:
Investor & project opportunity inquiries
John Gilbert
Vice-President
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 risk factors
beyond its control, and actual results may differ materially from the expected results.