- Silver Range Resources Ltd. (SNG) announced a non-brokered private placement for gross proceeds of $900,000
- Mike Power, CEO of Silver Range, discussed this financing in more detail with Sabrina Cuthbert
- The proceeds will be used for working capital purposes and to finance further exploration in the southwestern United States
- This private placement is expected to close by February 28, 2023
- Silver Range Resources Ltd. (SNG) opened trading at $0.145
Silver Range Resources Ltd. (SNG) announced a non-brokered private placement for gross proceeds of $900,000.
The company is offering up to 6,000,000 units at a price of $0.15 per unit. Each unit will consist of one common share and one-half of 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.
The proceeds will be used for working capital purposes and to finance further exploration in the southwestern United States, such as trenching at Steptoe to follow up on a significant mineralized jasperoid breccia discovery and surface exploration at Tule Canyon, where 2022 sampling returned up to 1,420 g/t silver.
Mike Power, CEO of Silver Range, discussed this financing in more detail with Sabrina Cuthbert.
This private placement is expected to close by February 28, 2023.
Silver Range Resources Ltd. (SNG) is a project generator focused on high-grade precious metal projects in Northern Canada and Nevada. It is engaged in the business of exploring for metals and minerals with an emphasis on silver, zinc, and lead. The company has acquired various mineral properties located in Nunavut and the Northwest Territories, Canada and Nevada, USA. Its mineral projects include the Silver Range project, Michelle, Mel, and the Barb properties.
Silver Range Resources Ltd. (SNG) opened trading at $0.145 per share.