SILVER RANGE RESOURCES LTD. ("SNG") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: May 15, 2018 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced March 14, 2018:
Number of Shares: 4,615,333 shares
Purchase Price: $0.15 per share
Warrants: 4,615,333 share purchase warrants to purchase 4,615,333 shares
Warrant Exercise Price: $0.25 for a two year period, subject to acceleration if the closing price of the Company's shares is equal to or greater than $0.35 for ten consecutive trading days subsequent to the expiry of the hold period. In which case, the Company may provide notice that the warrants will expire 30 calendar days after such notice.
Number of Placees: 11 Placees
Insider / Pro Group Participation: Insider=Y / Name ProGroup=P # of Shares Strategic Metals Ltd. Y 3,333,333 Glenn R. Yeadon Y 100,000 Paladin Geoscience Corp. (Michael Power) Y 70,000 Larry B. Donaldson Y 250,000
Finder's Fee: Canaccord Genuity Corp. receives $900.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company issued a news release announcing the closing of the private placement and setting out the expiry dates of the hold period on April 19, 2018. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.] ________________________________________
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