SLRRF - Silver Range Resources announces company is going to market to fuel project generation

(NewsDirect)

Silver Range Resources CEO Mike Powerjoined Steve Darling from Proactive to announce the company hasannounced a non-brokered private placement initiative with theobjective of raising up to $600,000.

Each unit offered in this placement will comprise one commonshare and one non-transferable share purchase warrant. Holders ofthese warrants will be entitled to purchase an additional common shareat a price of $0.15 per share within a two-year period from theclosing date.

Power elaborated onSilver Range Resources' profile and strategic direction. As aprecious metals prospect generator, the company operates in twosignificant regions — Nevada and Northern Canada. The company'sportfolio consists of 42 properties, with 14 currently under optionagreements with other parties. Additionally, four projects have beenconverted into royalty interests, underscoring the diverse strategiesSilver Range employs to maximize value from its properties.

Furthermore, Power revealed that thecompany is actively pursuing joint venture partnerships to explore thehigh-grade precious metals targets within its portfolio. Thiscollaborative approach aligns with Silver Range's objective ofunlocking the potential of its properties while mitigating explorationrisk.

The private placement initiative represents a strategicmove to secure funding that can further propel the company'sexploration and development efforts. The anticipated closing of theoffering by October reflects Silver Range Resources' proactiveapproach to advancing its projects and capitalizing on marketopportunities.

Contact Details

ProactiveCanada

+1 604-688-8158

na-editorial@proactiveinvestors.com

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