Silver Range Resources Ltd. closes private placement

25 February 2021

Silver Range Resources Ltd. announces the closing of the private placement announced February 17, 2021, consisting of the sale of 2,330,000 units at a price of $0.25 each for total proceeds of $582,500.  Each unit consisted of one common share and one non-transferable share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.33 for a period of three years from closing, provided that, in the event the  closing price of Silver Range shares is $0.40 or greater for a period of ten consecutive trading days subsequent to the expiry on June 25, 2021 of the statutory hold period, Silver Range will have the right to provide all warrant holders with notice of an earlier expiry date for the warrants – in such event, the warrants would expire thirty calendar days from the giving of such notice. All common shares issued pursuant to the private placement, including any shares that may be issued pursuant to the exercise of the warrants, will be subject to the statutory hold period referred to above. 
The proceeds from this private placement will be used for working capital and exploration work in Nevada.