Silver Viper Announces Expiry of Non-Binding LOI
Silver Viper Announces Expiry of Non-Binding LOI
VANCOUVER, BC
,
Feb. 1, 2023
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver Viper
")
(TSXV: VIPR) (OTC: VIPRF) announces that its previously announced non-binding letter of intent (the "
LOI
")
dated
November 6, 2022
, as amended
December 20, 2022
, with Canasil Resources Inc. (TSXV: CLZ)
("
Canasil
") has expired in accordance with its terms.
While the Company and Canasil are not proceeding with the transactions contemplated by the LOI following
its expiry, the parties may still explore alternative strategic transactions in the future.
For more information on the LOI, please see the Company's news releases dated
November 7, 2022
, and
December 21, 2022
.
About Silver Viper
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious
metals exploration in the northwestern Mexican
state of Sonora
. The Company currently operates the La
Virginia Gold-Silver Project. Silver Viper has 100% ownership of the La Virginia concessions acquired from
the most recent operator, Pan American Silver Corp., and has an option to acquire a 100% interest in the
Rubi-Esperanza group of claims internal to those concessions. Silver Viper is under management provided
by the Belcarra Group, which is comprised of highly qualified mining professionals.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER VIPER,
Steve Cope
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
This news release contains forward-looking information under the provisions of applicable Canadian
securities legislation. All statements in this news release, other than statements of historical fact, are
forward-looking information with respect to Silver Viper including but not limited to: any future transactions
between the Company and Canasil. Forward-looking information is necessarily based upon a number of
factors and assumptions that, if untrue, could cause the actual results, performances or achievements of the
Company to be materially different from future results, performances or achievements expressed or implied
by such statements. Such statements and information are based on numerous assumptions regarding
present and future business strategies and the environment in which the Company will operate in the future,
including the price of gold, anticipated costs and ability to achieve goals. In respect of the forward-looking
statements concerning the anticipated completion of the Proposed Transaction, Silver Viper has provided
them in reliance on certain assumptions that they believe are reasonable at this time, including assumptions
as to the time required to negotiate the definitive agreement and complete matters relating to the Proposed
Transaction; the ability of the parties to receive, in a timely manner, the necessary shareholder, regulatory,
court, corporate and other third party approvals; and the ability of the parties to satisfy, in a timely manner,
the other conditions to the closing of the Proposed Transaction. 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 the Proposed Transaction not closing when planned or at all
or on terms and conditions set forth in the LOI; the failure to obtain necessary shareholder, court, regulatory
and third party approvals in order to proceed with the Proposed Transaction; the benefit of the Proposed
Transaction not being realized; 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 and management discussion
and analysis ("
MD&A
") available on
www.sedar.com
. The risk factors identified in the financial statements
and MD&A 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 Silver Viper undertakes
no obligation to update such statements, except as required by law.
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SOURCE
Silver Viper Minerals Corp.
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For further information:
Silver Viper Minerals Corp. at 604-687-8566, email [email protected]
visit our website at www.silverviperminerals.com.
CO: Silver Viper Minerals Corp.
CNW 09:00e 01-FEB-23