Silver Range Resources Ltd announces a non-brokered private placement to issue 6,000,000 units at a price of CAD 0.10 per unit, for total proceeds of up to CAD 600,000 on August 30, 2023. Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of CAD 0.15 for a period of two years from the closing of the placement.

The shares is equal to or greater than CAD 0.20 for a period of ten consecutive trading days subsequent to the expiry of the statutory hold period, company will have the right to provide all warrant holders with notice that the expiry date for the warrants has been shortened to 30 calendar days from the giving of such notice. The transaction is expected to close in one or more tranches by September 29, 2023, and is subject to regulatory acceptance.