ACCESS Newswire
12 May 2022, 02:43 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
[email protected]
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 InformationWASHINGTON, D.C.: U.S. Interior Secretary Doug Burgum has announced plans to open more land for oil and gas drilling in Alaska and...
WASHINGTON, D.C.: Ten Democratic lawmakers in the U.S. House of Representatives have asked the Pentagon to reduce military training...
TORONTO, Canada: An initial investigation into last month's dramatic Delta Air Lines crash-landing in Toronto has revealed that the...
NEW YORK CITY, New York: New York State's highest court has struck down a law this week that would have allowed over 800,000 legal...
The death toll in Gaza on the weekend has passed 50,000, local health authorities have reported. What started the carnage was the Hamas-led...
WASHINGTON, D.C.: The U.S. Department of Agriculture (USDA) has announced plans to invest up to US$100 million in research to develop...
New Delhi [India], March 26 (ANI): The Argentine Football Association (AFA) and HSBC on Wednesday announced the signing of a new one-year...
Wellington [New Zealand] March 26 (ANI): With Tim Siefert's unbeaten 50 and James Neesham's five-wicket haul hosts New Zealand stormed...
ZURICH, 26th March, 2025 (WAM) - In line with the budgetary principles for the FIFA Club World Cup and following fruitful discussions...
New Delhi [India] March 26 (ANI): Pakistan announced their 15-player squad for the forthcoming ICC Women's Cricket World Cup 2025 Qualifier....
New Delhi [India] March 26 (ANI): Former Indian cricketer Aakash Chopra has analysed Shubman Gill's innings in the fifth match of Indian...
BEIJING, March 26 (Xinhua) -- A selection of the best press photos from Xinhua.Visitors look at an empress crown from the Ming dynasty...