Silver Range announces $800K private placement

Silver Range Resources completed previously announced $800,000 private placement

Vancouver (pcJ News Breifs) – Silver Range Resources Ltd. (TSX-V: SNG) intends to close a private placement of up to 4,000,000 units at a price of $0.20 per unit for gross proceeds of up to $800,000.

Each unit consists 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 $0.30 for a period of two years from closing.

Proceeds will be used for working capital purposes. The financing is expected to close by mid-April, 2017.

Silver Range Resources is a project generator focused on high grade gold projects in Nunavut, the Northwest Territories and Nevada.

photo credit: Silver Range Resources


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