Silver Range Resources Ltd. Announces Proposed Issuance of Shares for Services
Silver Range Resources Ltd. Announces Proposed Issuance of
Shares for Services
VANCOUVER, BC / ACCESSWIRE / May 11, 2022 / Silver Range Resources Ltd. (TSX-
V:SNG) ("Silver Range") announces it proposes to issue a total of 196,581 shares to Paladin
Geoscience Corp. ("Paladin"), a private company controlled by Michael A. Power, Silver
Range's President and Chief Executive Officer, pursuant to a "Shares for Services Agreement".
The proposed share issuance, which is subject to TSX Venture Exchange (the "Exchange")
acceptance, is in partial consideration for geological consulting services provided to Silver
Range by Paladin during the period October 1, 2021 through March 31, 2022. The shares are to
be issued at deemed prices per share ranging from $0.1181 to $0.1444, being the market prices
of Silver Range's shares as traded on the Exchange as calculated at the end of each month in
which such services were provided, minus 50% of the discount permitted under applicable
Exchange policies. All consulting fees not paid for by the issuance of Silver Range shares are
paid in cash.
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 44 properties, 13 of which are currently optioned to others. Four
projects 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.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
"Michael A. Power"
President and Chief Executive Officer
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 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.
SOURCE: Silver Range Resources Ltd.