BRIEF-Silver Range names Michael Power as CEO; to acquire gold projects from Panarc

Fri Mar 18, 2016 7:51pm EDT
 
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March 18 (Reuters) - Silver Range Resources Ltd

* 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: )