Silver Range Resources Ltd. Announces Private Placement and Generative Alliance with Altius Minerals and Applies to Extend the Closing of the
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 AND GENERATIVE
ALLIANCE WITH ALTIUS MINERALS AND APPLIES TO EXTEND THE CLOSING OF THE
PRIVATE PLACEMENT ANNOUNCED JANUARY 17, 2023
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES
February 21, 2023 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range” or the
“Company”) is pleased to announc e a $500,000 investment and an exploration alliance (the “Alliance”) with
Altius Minerals Corporation [TSX:ALS] (“Altius”).
Altius is subscribing for 3,333,333 shares of Silver Range at a price of $0.15 with no warrant for total
consideration of $500,000 (“Altius Investment”). Silver Range has agreed to a generative alliance in the
southwest US whereby Altius will acquire a 1% Net Smelter Return royalty interest on three Silver Range projects
staked within a specified area of interest in the Southwest United States.
“Silver Range is pleased to welcome Altius as a partner and strategic shareholder. As a highly successful project
generator and royalty company, Altius ’ investment is validation of the prospect generator model and a vote of
confidence in Silver Range. We look forward to working with Altius to generate new valuable mineral projects
in the Southwest United States,” stated Vice-President Richard Drechsler.
With Altius now participating in a separate equity financing, Silver Range will be applying to the TSX Venture
Exchange for an extension in respect of the closing of the private placement announced on January 17, 2023 (the
“Placement”), whereby the Company is offering 6,000,000 units at a price of $0.15, for total proceeds of up to
$900,000. Each unit will consist of one common share and one -half of one non -transferable share purchase
warrant, with each warrant to entitle the holder to purchase one additional common share at a price of $0.30 for
a period of two years from closing.
The Altius Investment is subject to regulatory acceptance. Both the Altius Investment and the Placement are
now anticipated to close by March 15, 2023. Proceeds from both financings will be used primarily for exploration
work in the Southwest United States.
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, 13 of which are currently optioned to others. Four other projects have been converted
to royalty interests. Silver R ange is actively seeking other joint venture partners to explore the high -grade
precious metals 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
2
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 the private placement, 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 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.