Silver Range Resources Ltd. Signs Generative Alliance Agreement with Altius Minerals and Closes 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. SIGNS GENERATIVE ALLIANCE AGREEMENT WITH
ALTIUS MINERALS AND CLOSES PRIVATE PLACEMENT
NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES
March 28, 2023 – Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V: SNG] (“Silver Range” or the
“Company”) announces that it has signed a Generative Alliance agreement (the “Alliance”) with Altius Minerals
Corporation (“Altius”) incorporating the terms of the Letter of Intent described in the Company’s February 21,
2023 news release. Under the terms of the Alliance, Altius subscribed for 3,333,333 shares of the Company for
total proceeds of $500,000 and will acquire a one percent (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 also announces the closing of the unit private placement originally announced on January 17, 2023.
The placement consisted of the sale of 768,333 units at a price of $0.15 per u nit, for total proceeds of $115,250
with each unit consisting of one common share and one-half (1/2) of a non-transferable share purchase warrant,
with each whole warrant entitl ing the holder to purchase one additional common share at a price of $0.30 for a
period of two years from closing. All these shares are subject to a hold period until July 28, 2023. The proceeds
from this private placement will be used primarily for exploration work in the southwest United States.
Silver Range paid cash finders’ fees totalling $ 315 and 2,100 finder’ s warrants to Canaccord Genuity Corp. in
connection with this private placement, with each finder’s warrant entitling the holder to purchase one common
share at a price of $0.30 for a period of two years from closing. An insider purchased 66,667 units of the private
placement.
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 activel y 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
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 of fer 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.
2
“Mike Power”
President and CEO
3
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.