Silver Range Resources Ltd. Closes Initial Tranche of Private Placement and Extends the Closing of the Final Tranche
Silver Range Resources Ltd. Closes Initial Tranche of Private Placement and Extends the Closing of the Final Tranche
The proceeds from this private placement will be used to finance further exploration in the southwestern United States and for working capital purposes.NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
不得在美国境内传播或分发，也不得向美国新闻通讯社分发
VANCOUVER, BC / ACCESSWIRE / October 10, 2023 / Silver Range Resources Ltd. (TSX-V:SNG) ("Silver Range") announces the closing of the initial tranche of the non-brokered private placement originally announced on August 30, 2023. The initial tranche consisted of the issuance of 825,000 units at a price of $0.10 per unit, for total proceeds of up to $82,500, with each unit consisting of one common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.15 until October 10, 2025, provided that in the event the closing market price of Silver Range's shares is equal to or greater than $0.20 for a period of 10 consecutive trading days subsequent to the expiry of the statutory hold period, Silver Range will have the right to provide all warrantholders with notice that the expiry date for the warrants has been shortened to 30 calendar days from the giving of such notice.
温哥华，BC/ACCESSWIRE/2023年10月10日/Silver Range Resources Ltd.(多伦多证券交易所股票代码：SNG)(“Silver Range”)宣布结束最初于2023年8月30日宣布的非经纪私募的首批发行。第一批包括以每单位0.10美元的价格发行825,000个单位，总收益最高可达82,500美元，每个单位包括一个普通股和一个不可转让的股份购买权证。每份认股权证使持有人有权在2025年10月10日前以0.15美元的价格额外购买一股普通股，但倘若Silver Range的股份在法定持有期届满后连续10个交易日的收市价等于或大于0.20美元，Silver Range将有权向所有认股权证持有人发出通知，通知认股权证的到期日已缩短至自发出该通知起计的30个历日。
All of the securities issued pursuant to the initial tranche including any common shares that may be issued pursuant to the exercise of the warrants, are subject to a hold period in Canada until February 11, 2024.
根据第一批发行的所有证券，包括根据认股权证的行使可能发行的任何普通股，在加拿大的持有期至2024年2月11日。
The proceeds from this private placement will be used to finance further exploration in the southwestern United States and for working capital purposes.
此次定向增发所得资金将用于美国西南部的进一步勘探以及营运资金用途。
Insiders of Silver Range subscribed for 500,000 units pursuant to the initial tranche. This participation constituted a related party transaction within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Silver Range has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) in respect of the related party participation in the private placement, as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved interested parties, exceeded 25% of Silver Range's market capitalization (as determined under MI 61-101).
Silver Range的内部人士根据首批认购了500,000个单位。这种参与构成了多伦多证券交易所第五号政策5.9和多边文书61-101--保护特殊交易中的少数群体担保持有人(“MI 61-101”)所指的关联方交易。Silver Range乃依据第5.5(A)及5.7(1)(A)节所载有关关联方参与私募的MI61-101的正式估值及少数股东批准规定的豁免，因为该交易标的的公平市价(根据MI61-101厘定)或其代价的公平市价(就涉及利害关系方而言)均不超过Silver Range市值的25%(根据MI61-101厘定)。
Silver Range has also applied to the TSX Venture Exchange for an extension in respect of the closing of the final tranche, which is expected to close on or before November 13, 2023.
Silver Range还向多伦多证券交易所创业板申请延长最后一批的结束时间，预计最终部分将于2023年11月13日或之前结束。
About Silver Range Resources Ltd.
关于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, 14 of which are currently optioned 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.
Silver Range是一家贵金属远景生产商，在美国西南部和加拿大北部工作。它已经组建了42个物业组合，其中14个目前被其他公司选中。另外四个项目已被转换为特许权使用费权益。Silver Range正在积极寻找其他合资伙伴，以探索其投资组合中的高品位贵金属目标。
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
本新闻稿中提及的证券没有，也不会根据修订后的1933年《美国证券法》进行注册，如果没有在美国注册或没有美国注册要求的适用豁免，不得在美国境内或向美国人提供或出售，或为美国人的账户或利益而提供或销售。本新闻稿不构成出售证券的要约，也不招揽购买任何证券的要约。在美国，任何公开发行证券都必须通过招股说明书的方式进行，招股说明书中包含公司和管理层的详细信息，以及财务报表。
ON BEHALF OF SILVER RANGE RESOURCES LTD.
我代表银岭资源有限公司。
"Mike Power"
“Mike的力量”
President and CEO
总裁与首席执行官
For further information concerning Silver Range or its exploration projects please contact:
有关Silver Range或其勘探项目的更多信息，请联系：
Investor Inquiries |
投资者问询 |
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.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
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.
本新闻稿可能包含基于管理层对未来事件或结果的假设和判断的前瞻性陈述，这些事件或结果可能由于勘探和其他超出其控制范围的风险因素而被证明是不准确的，实际结果可能与预期结果大不相同。
SOURCE: Silver Range Resources Ltd.
资料来源：银岭资源有限公司。