Brief: Silver Range names Michael Power as CEO; to acquire gold projects from Panarc

Silver Range Resources

18/03/2016 23:11

March 18 (Reuters) - Silver Range Resources Ltd  SNG.V  
    * Silver range to acquire gold projects and change 
exploration focus 
    * Douglas Eaton, has resigned as president and chief 
executive officer, but will remain as a silver range director 
    * Agreed to purchase a portfolio of gold exploration 
projects from panarc resources ltd 
    * No plans to carry out additional silver-lead-zinc 
exploration until global markets for those metals improve 
significantly 
    * Michael Power, P. Geo. Has been appointed as president and 
chief executive officer effective immediately 
    * Panarc will not retain any royalty or other residual 
interest in any of projects 
    * Will acquire a 100% interest in each of projects through 
issuance to Panarc of 10 million silver range common shares 
 
Source text for Eikon:  ID:nCCN8wz52M  
 
 ((Bengaluru Newsroom) ((+1 646 223 8780;)))