Silver Viper Announces Strategic Updates: Private Placement, New Interim CFO, and Market-Maker Appointment /
Silver Viper Announces Strategic Updates:
Private Placement, New Interim CFO, and
Market-Maker Appointment
/
NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
June 3, 2025
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that the Company intends to undertake
a non-brokered private placement financing (the "
Offering
") to raise gross proceeds of up to
$3,500,000
from the sale of up to 23,333,334 units ("
Units
") at a price of
$0.15
per Unit, each Unit
consisting of one common share of the Company (each, a "
Share
") and one half of one warrant
(each, a "
Warrant
"). Each Warrant will entitle the holder thereof to acquire one Share from the
Company at a price of
$0.35
per Share for a period of 24 months from their date of issue.
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
16, 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.
Change in Management
The Company also announces that
Carla Hartzenberg
, Chief Financial Officer ("
CFO
"), has resigned
from her position, and the company has initiated a search for a permanent replacement. In the
interim,
Steve Cope
, Chief Executive Officer ("
CEO
"), will assume the responsibilities of the CFO on
a temporary basis until a successor is appointed.
"We thank Ms. Hartzenberg for her contributions and wish her well in their future endeavors,"
said
Steve Cope
.
Market-Maker Engagement
The Company has engaged the services of ICP Securities Inc. ("
ICP
") to provide automated market
making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the
policies and guidelines of the TSX Venture Exchange and other applicable legislation.
Pursuant to the market-making agreement dated
May 12, 2025
(the "
Agreement
") entered into
between the Company and ICP, in exchange for providing the Services, ICP will receive a fee of
C$7,500
plus applicable taxes per month, payable monthly in advance. The Agreement is for an
initial term of four (4) months (the "Initial Term") and shall be automatically renewed for subsequent
one (1) month terms (each subsequent one-month term called an "
Additional Term
") unless either
party provides at least thirty (30) days written notice prior to the end of the Initial Term or an
Additional Term, as applicable.
ICP does not have any interest, directly or indirectly, in Silver Viper or its securities or any right or
intent to acquire such an interest at this time; however, ICP and its clients may acquire an interest in
the securities of the Company in the future. There are no performance factors contained in the
agreement and no stock options or other compensation are being granted in connection with the
market-making engagement.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct
temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible
for the costs it incurs in buying and selling the Company's shares, and no third party will be providing
funds or securities for the market making activities.
ICP Securities Inc.
ICP Securities Inc. is a
Toronto
-based CIRO dealer-member that specializes in automated market
making and liquidity provision, as well as having a proprietary market making algorithm, ICP
Premium
TM
, that enhances liquidity and quote health. Established in 2023, with a focus on market
structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high
quality liquidity provision and execution services to a broad array of public issuers and institutional
investors.
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/June2025/03/c5354.html
%SEDAR: 00042333E
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 09:00e 03-JUN-25