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 Los Angeles Herald 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 Los Angeles Herald.
More InformationWASHINGTON, D.C.: The U.S. Transportation Department is expected to say that fuel economy rules created under President Joe Biden went...
WASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...
WASHINGTON, DC - U.S. President Donald Trump re-ignited his trade war on Friday with an extraordinary attack on the European Union...
ATLANTA, Georgia: A judge in Georgia has ruled that Delta Air Lines can continue most of its lawsuit against the cybersecurity company...
WASHINGTON, D.C.: U.S. senators from both parties introduced a bill this week aimed at countering China and Russia's growing influence...
NEW YORK CITY, New York: Officials are investigating why a Mexican Navy training ship hit the Brooklyn Bridge on May 17, breaking the...
SAN FRANCISCO, California: Levi Strauss is parting ways with Dockers. The denim giant announced this week that it will sell the Dockers...
ROSEMEAD, California: Southern California Edison (SCE) has outlined a US$6.2 billion wildfire mitigation plan aimed at reducing fire...
SAN FRANCISCO, California: Google One, Alphabet's subscription service that offers cloud storage and AI-powered features, has surpassed...
(250524) -- SAN FRANCISCO, May 24, 2025 (Xinhua) -- This photo shows a price-tracking mobile app interface displaying the price change...
Montreal [Canada], May 24 (ANI): In a groundbreaking study, researchers from McGill University have identified nine biological markers...
Washington DC [US], May 24 (ANI): Following the Donald Trump administration's decision to bar Harvard University from enrolling international...