14 February 2017
February 14, 2017 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces a $750,000 private placement, to consist of the sale of 4,687,500 units at a price of $0.16 per unit, with each unit to consist of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one additional common share at a price of $0.25 for a period of two years from closing.
The proceeds from this private placement, which is subject to regulatory acceptance, will be used for working capital purposes. Closing is expected to occur on or about February 28, 2017.
Silver Range is building and exploring a portfolio of high grade gold targets in Nunavut, the Northwest Territories and Nevada to fulfil an increasing demand for gold projects in politically stable jurisdictions. The company is actively seeking joint venture partners to explore the assets in its portfolio.