Silver Range Resources Ltd (TSX-V:SNG, OTC:SLRRF) told investors the TSX Venture Exchange has permitted the company to extend the closing of the final tranche of its previously announced private placement up to January 12, 2024.
An initial tranche of 825,000 units for proceeds of $82,500 closed on October 10, 2023, and the financing remains open, Silver Range said in a statement.
The company is offering up to an additional 5,175,000 units at $0.10 each, with each unit consisting of one common share and one non-transferable share purchase warrant, exercisable at $0.15 for two years.