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Silver Range Resources Ltd. announces private placement and grants options
Silver Range Resources Ltd. announces private placement and grants options Canada ...
About this update from Silver Range Resources Ltd.
[{"type":"text","content":"\n\n\n\nSilver Range Resources Ltd. announces private placement and grants options\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, March 14, 2018\n\n\n\nTSX-V: SNG\n\n/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES/\n\n\n\nVANCOUVER, March 14, 2018 /CNW/ - Silver Range Resources Ltd. (TSX-V:SNG) (\"Silver Range\") announces that it will carry out a 6,000,000 unit private placement. Each unit will be sold at a price of $0.15 for total proceeds of $900,000. 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 $0.25 for a period of two years from the closing of the placement. All common shares and warrants issued as part of the units will be subject to a statutory hold period of four months and one day from the date the placement closes.\n\nIn the event the market closing price of Silver Range shares is $0.35 or greater for a period of ten consecutive trading days subsequent to the expiry of the statutory hold period, Silver Range will have the right to provide all warrant holders with notice that the expiry date for the warrants has been shortened and the warrants will expire thirty calendar days from the date of such notice.\n\nThe proceeds from this private placement, which is subject to regulatory acceptance, will be used for working capital purposes. Closing is expected to occur by mid-April, 2018.\n\nSilver Range also announces that it has granted 500,000 incentive stock options to an officer and a director of the company. The options entitle the holder to purchase up to 500,000 Silver Range common shares at a price of $0.17 per share at any time prior to March 14, 2023. The options will vest on a quarterly basis commencing three months from the date of granting. \n\nSilver Range is a precious metals prospect generator working in Nunavut, Nevada and the Northwest Territories. It has assembled ...