Silver Range Resources Ltd. announced a non-brokered private placement of up to 3,750,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 300,000 on April 30, 2024. 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 CAD 0.16 for a period of two years from the closing of the offering.

The transaction will include participation from accredited investors, employees, executive officers, directors and consultants and family and close personal friends and business associates of directors and officers and existing shareholders of the company. All securities issued as part of the offering will be subject to a hold period expiring four months and one day from the date of closing of the offering. If the closing market price of company's shares is equal to or greater than CAD 0.20 for a period of ten consecutive trading days following the expiry of the Hold Period, the company will have the right to provide all warrant holders with notice that the expiry date for the warrants has been shortened to 30 calendar days from the giving of such notice.

The Offering is subject to TSX Venture Exchange acceptance.