Silver Viper Announces Concurrent Private Placement
Silver Viper Announces Concurrent Private
Placement
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
June 18, 2025
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that due to strong investor interest
following the announcement of a
$3.5 million
non-brokered private placement (see
June 3, 2025
,
news release), it now plans to carry out an additional non–brokered private placement under similar
conditions. This concurrent offering is expected to include the issuance of up to 6,666,667 units
("
Units
") at a price of
$0.30
per Unit. Each Unit will comprise one common share of the Company (a
"
Share
") and one-half of one warrant (a "
Warrant
"). Each Warrant will allow the holder to purchase
one Share at an exercise price of
$0.50
, valid for 24 months from the issuance date. Combined,
both offerings are expected to generate total gross proceeds of up to
$6 million
.
The Issuer intends to use the proceeds from the Offering for drilling and other exploration activities
at La Virginia and for working capital and other general corporate purposes.
The Offering is anticipated to close in a series of tranches, with the first tranche on or about
June
25, 2025
. The closing of the Offering is subject to certain conditions, including the approval of the
TSX Venture Exchange and certain other conditions customary for a private placement of this
nature. All Units issued in connection with the Offering will bear a legend indicating that they are
subject to a trading restriction for a period of 12 months following the closing of the transaction.
In connection with the Offering, certain individuals (each, a "
Finder
" and collectively, the "
Finders
")
will be entitled to receive either: (i) a cash commission of up to 6.0% of the aggregate gross
proceeds raised under the Offering from subscribers introduced to the Corporation by the Finder; or
(ii) a number of units (the "
Finder's Units
") equal to up to 6.0% of the Units issued to such
subscribers. The Finder's Units will have the same terms as the Units offered to subscribers under
this Agreement.
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "
U.S. Securities Act
"), or any state securities laws, and
accordingly, may not be offered or sold within
the United States
except in compliance with the
registration requirements of the U.S. Securities Act and applicable state securities requirements or
pursuant to exemptions therefrom. This press release is not an offer or a solicitation of an offer of
securities for sale in
the United States
, nor will there be any sale of the securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful.
About the Company
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on
precious metals exploration in
Mexico
. The Company is the operator and 100% owner of the La
Virginia Gold-Silver Project in
Sonora
. The Company continues to evaluate and advance mineral
exploration opportunities across key mining jurisdictions in
Mexico
and in
May 2025
entered into a
definitive agreement to acquire the Cimarron Project in
Sinaloa, Mexico
.
ON BEHALF OF THE BOARD OF DIRECTORS,
Steve Cope
President and CEO
Follow us on social media:
X:
@SilverViperCorp
LinkedIn:
Silver Viper Minerals Corp.
Facebook:
Silver Viper Minerals
YouTube:
@SilverViperMinerals
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward Looking Information
This news release may contain forward-looking statements, including statements with respect to the
terms of the Offering, the receipt of regulatory approvals for the Offering, closing of the Offering and
use of proceeds of the Offering. These statements reflect management's current estimates, beliefs,
intentions and expectations; they are not guarantees of future performance. Forward-looking
statements address future events and conditions and therefore involve inherent risks and
uncertainties. Such factors include, among other things: risks and uncertainties relating to exploration
and development, the ability of the Company to obtain additional financing, the need to comply with
environmental and governmental regulations, fluctuations in the prices of commodities, operating
hazards and risks, competition and other risks and uncertainties, including those described in the
Company's financial statements, management discussion and analysis and/or annual information
form available on
www.sedar.com
. The risk factors identified in such documents are not intended to
represent a complete list of factors that could affect the Company. Actual results may differ
materially from those currently anticipated in such statements and the Company undertakes no
obligation to update such statements, except as required by law.
SOURCE
Silver Viper Minerals Corp.
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For further information:
For further information, please contact Alicia Ford at 604-687-8566, email
[email protected] or visit our website at www.silverviperminerals.com.
CO: Silver Viper Minerals Corp.
CNW 18:57e 18-JUN-25