ACCESSWIRE
12 May 2022, 07:13 GMT+10
VANCOUVER, BC / ACCESSWIRE / May 11, 2022 / Silver Range Resources Ltd. (TSXV: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
rdrechsler@silverrangeresources.com
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.
Get a daily dose of Canada Standard news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Canada Standard.
More InformationSAN FRANCISCO, California: In a letter released this week, the archbishop of San Francisco, Salvatore Cordileone, said U.S. House Speaker ...
BERLIN, Germany: At least 43 people were injured after a tornado struck the western German city of Paderborn on May ...
WASHINGTON D.C.: The Department of Justice has said that an American citizen and four Chinese intelligence officers have been charged ...
WASHINGTON D.C.: Due to the inability of businesses to hire enough workers, the U.S. has announced that it will grant ...
WASHINGTON D.C.: U.S. senators Elizabeth Warren and Mike Rounds have introduced a bipartisan resolution requesting the Federal Trade Commission (FTC) ...
MOSCOW, Russia: According to preliminary data released by the finance ministry this week, almost three months after Moscow's invasion of ...
The Indianapolis Colts are adding quarterback Nick Foles with a two-year contract, NFL Network reported Monday. The move reunites Foles ...
The NHL asked police in St. Louis to ramp up security at the Avalanche's team hotel and the Blues' arena ...
Miami Heat guard Tyler Herro has been ruled out of Monday night's Game 4 against the Boston Celtics with a ...
By Vipul KashyapNew Delhi, [India], May 23 (ANI): Former Indian team selector Sarandeep Singh said on Monday he was surprised ...
Jacksonville Jaguars running back Travis Etienne has been cleared for all practice activities and will take part in offseason workouts ...
Tampa Bay Lightning forward Brandon Hagel was fined $3,750 Monday for boarding the Florida Panthers' Eetu Luostarinen. It was the ...