Silver Viper Closes $3.6 Million Private Placement
Silver Viper Closes $3.6 Million Private
Placement
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
July 11, 2025
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that it has closed its
$3.6 million
non-
brokered private placement announced on June 18, 2025 (the "
Offering
"), issuing 11,993,149 units
of the Company (the "
Units
") at a price of
$0.30
per Unit for aggregate gross proceeds of
$3,484,161
.
Each Unit consisted of one common share of the Company (each, a "
Share
") and one half of one
warrant (each, a "
Warrant
"). Each Warrant entitles the holder thereof to acquire one Share from the
Company at a price of
$0.50
per Share for a period of 24 months from the date of issue. All Units
issued in connection with the Offering bears a legend indicating that they are subject to a trading
restriction for a period of 12 months following the closing of the transaction.
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.
As consideration for their services in connection with the Offering, the Finders received a total cash
commission of $86,484 and were issued 379,279 Finder's Units (the "
Finder's Units
") of the
Company. The Finder's Units have the same terms as the Units issued to subscribers in the Offering
and bears a legend indicating that they are subject to a trading restriction for a period of 12 months
following closing.
Eric Sprott
, through 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired
1,516,700 Units pursuant to the Private Placement for total consideration of
$455,010.00
. Prior to
the Private Placement, Mr. Sprott beneficially owned or controlled 3,333,300 common shares and
1,666,650 common share purchase warrants of the Company representing approximately 6.2% on a
non-diluted basis and 9.0% on a fully diluted basis assuming the exercise of such Warrants.
As a result of the Private Placement, Mr. Sprott now beneficially owns or controls 4,850,000
common shares and 2,425,000 common share purchase warrants of the Company representing
approximately 7.3% on a non-diluted basis and 10.6% on a fully diluted basis assuming the exercise
of such Warrants.
The securities are held for investment purposes. Mr. Sprott has a long-term view of the investment
and may acquire additional securities including on the open market or through private acquisitions or
sell the securities including on the open market or through private dispositions in the future depending
on market conditions, reformulation of plans and/or other relevant factors.
A copy of the early warning report with respect to the foregoing will appear on Silver Viper's profile
on SEDAR+ at
www.sedarplus.ca
and may also be obtained by calling Mr. Sprott's office at (416)
945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106,
Toronto Ontario
M5C 3C5).
Insiders of the Company subscribed for a total of 616,667 Units. Participation by the insiders
constitutes a related party transaction as defined under Multilateral Instrument 61-101 ("MI 61-
101"). The Company is relying on the exemptions from the valuation and minority shareholder
approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the
fair market value of the participation in the Private Placement by insiders does not exceed 25% of
the market capitalization of the Company, as determined in accordance with MI 61-101.
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 acquired the Cimarron Project
in
Sinaloa, Mexico
in
June 2025
.
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, 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 19:12e 11-JUL-25