Silver Viper Closes Final Tranche of Private Placement
Silver Viper Closes Final Tranche of Private
Placement
VANCOUVER, BC
,
July 6, 2022
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that it has closed the final tranche (the
"
Final
Tranche
") of its non-brokered private placement (the "
Offering
"), announced on
June 6,
2022
. The Final Tranche was comprised of 1,530,000 units of the Company (the "
Units
") issued at a
price of
$0.20
per Unit for aggregate gross proceeds of
$306,000
.
Each Unit consists of one common share (each, a "
Share
") and one-half of one common share
purchase warrant (each whole warrant, a "
Warrant
"). Each Warrant entitles the holder thereof to
acquire one Share at the price of
$0.30
per Share until
July 6, 2024
. The Shares and Warrants
comprising the Units and any Shares issued upon the exercise of the Warrants are subject to a
statutory hold period which expires on
November 7, 2022
.
The Company intends to use the net proceeds from the Offering for working capital requirements
and other general corporate purposes.
In connection with the closing of the Final Tranche, Silver Viper will pay finder's fees of
$11,400
to
Red Cloud Securities Inc.,
$3,900
to Canaccord Genuity Corp.,
$600
to Leede Jones Gable Inc.,
and
$360
to Haywood Securities Inc. Silver Viper also paid a finder's fee of
$12,000
to Blue Lake
Advisors in connection with the closing of the first tranche of the Offering which closed on
June 9,
2022
.
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 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,
Steve Cope
President and CEO
Forward Looking Information
This news release may contain forward-looking statements, including statements with respect to the
terms 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.
Neither 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.
SOURCE
Silver Viper Minerals Corp.
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For further information:
Silver Viper Minerals Corp. at 604-687-8566, email
[email protected] or visit our website at www.silverviperminerals.com.
CO: Silver Viper Minerals Corp.
CNW 01:29e 07-JUL-22