Silver Range Resources Ltd. Announces Issuance Of Shares For Services
- Silver Range Resources Ltd. has received acceptance for the issuance of shares to Paladin Geoscience Corp.
- The 'Shares for Services Agreement' allows Paladin to receive up to $5,000 of its fee in Silver Range's common shares
- The shares will be issued semi-annually
- None.
VANCOUVER, BC / ACCESSWIRE / October 24, 2023 / Silver Range Resources Ltd. (TSX-V:SNG) ("Silver Range") announces, further to its October 18, 2023 news release, that it has received acceptance from the TSX Venture Exchange (the "Exchange") for the issuance of 236,436 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" dated April 1, 2022 which will expire on March 31, 2024 unless extended in writing by the parties. This Agreement provides that Paladin will provide geological and other consulting services to Silver Range, with Paladin at its sole election to receive up to a maximum of
These shares were issued at deemed prices per share ranging from
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in the southwestern United States and northern Canada. It has assembled a portfolio of 42 properties, of which 14 are currently under option to others. Four other projects have been converted to royalty interests. Silver Range is actively seeking other joint venture partners to explore the high-grade precious metal 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 |
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.
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https://www.accesswire.com/795652/silver-range-resources-ltd-announces-issuance-of-shares-for-services
FAQ
What is the 'Shares for Services Agreement' between Silver Range Resources Ltd. and Paladin Geoscience Corp.?