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Silver Range Resources Ltd. Closes Private Placement

VANCOUVER, BC–(Marketwired – February 17, 2017) – Silver Range Resources Ltd. (TSX VENTURE: SNG) (“Silver Range”) announces that it has closed the $750,000 private placement announced February 14, 2017. The placement consisted of the sale of 4,687,500 units at $0.16 per unit. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of $0.25 until February 17, 2019.