Silver Viper Announces Extension of Non- Binding LOI with Canasil Resources
Silver Viper Announces Extension of Non-
Binding LOI with Canasil Resources
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
Dec. 21, 2022
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) has entered into an agreement to amend the non-binding letter
of intent dated
November 6, 2022
(the "
LOI
") with Canasil Resources Inc. (TSXV: CLZ) ("
Canasil
")
with respect to the proposed acquisition (the "
Proposed Transaction
") by the Company of all of the
issued and outstanding shares of Canasil in exchange for common shares of Silver Viper, pursuant
to which the parties have extended the outside date to enter into a definitive agreement in respect of
the Proposed Transaction from
December 20, 2022
until
January 31, 2023
.
The other terms of the LOI, as announced by the Company on
December 7, 2022
, remain
unchanged.
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: the negotiation
and execution of a definitive agreement related to the Proposed Transaction; and the terms of the
LOI disclosed by the Company in its press release dated
December 7, 2022
. 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.
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 21-DEC-22