Silver Range Resources Ltd. Announes Amendments to Its Shares FOR Services Agreement
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. ANNOUNES AMENDMENTS TO ITS SHARES
FOR SERVICES AGREEMENT
April 20, 2020 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver
Range” or the “Company” ) announces that, in the interest of preserving its working capital in
these uncertain times, it has amended its “Shares for Services Agreement” with Paladin
Geoscience Corp. (“Paladin”), a private company controlled by Michael A. Power, Silver
Range’s President and Chie f Executive Officer. Pursuant to the amending agreement, Paladin,
which provides geological and other consulting services to Silver Range, will now receive a
minimum of 50% and , at Paladin’s sole discretion, up to a maximum of 100% of its monthly
consulting fee by the issuance of Silver Range common shares.
All shares will be issued at a deemed price per share equal to the market price of Silver Range’s
shares as traded on the TSX Venture Exchange (the “Exchange”) calculated at the end of each
month in which such services are provided minus 50% of the discount permitted under
applicable Exchange policies. The shares will be issued semi -annually and will be subject to a
four month and one day hold period commencing upon the date of issuance. Any consulting fees
not paid for by the issuance of Silver Range shares will be paid in cash. The amending
agreement is subject to Exchange acceptance.
Mr. Power recently sat down with Proactive Vancouver to discuss the Company’s high grade
focus while highlighting two drill ready targets in Nevada , Skylight and C oldsprings. The
interview is available here and on the Company’s Youtube channel along with a growing number
of project specific presentations.
About Silver Range Resources Ltd.
Silver Ra nge is a precious metals prospect generator working in Nunavut, Nevada and the
Northwest Territories. It has assembled a portfolio of 45 properties, 8 of which are currently
under option to others. Si lver 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.
“Ian Talbot”
Chief Operating Officer
For further information concerning Silver Range or its exploration projects please contact:
Investor Inquiries
Richard Drechsler
2
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.