VANCOUVER, BC / ACCESSWIRE / April 14, 2023 / Silver Range Resources Ltd. (TSXV:SNG, Financial) ("Silver Range") announces, further to its April 4, 2023 news release, that it has received acceptance from the TSX Venture Exchange (the "Exchange") for the issuance of 148,770 shares to Paladin Geoscience Corp. ("Paladin"), a private company controlled by Michael A. Power, Silver Range's President and Chief Executive Officer, pursuant to a "Shares for Services Agreement" dated April 1, 2022 which will expire on March 31, 2024 unless extended in writing by the parties. This Agreement provides that Paladin will provide geological and other consulting services to Silver Range, with Paladin at its sole election to receive up to a maximum of $5,000 of its fee for any month in Silver Range's common shares, such shares to be issued at a deemed price per share equal to the market price of Silver Range's shares as traded in the Exchange calculated at the end of each month in which such services are provided minus 50% of the discount permitted under applicable Exchange policies. The shares will be issued semi-annually and will be subject to a four month and one day hold period, commencing on the date of issuance. Any consulting fees not paid by the issuance of Silver Range shares will be paid in cash.
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