Silver Viper Closes Final Tranche of Private Placement
Silver Viper Closes Final Tranche of Private
Placement
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
April 20, 2023
/CNW/ - Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce it has closed the final tranche (the
"
Final
Tranche
") of its non-brokered private placement (the "
Offering
"), announced on
March 9,
2023
, and increased on
April 14, 2023
. The Final Tranche was comprised of 19,222,200 units of the
Company (the "
Units
") issued at a price of
$0.10
per Unit for aggregate gross proceeds of
$1,922,200
. In total, the Company raised
$3,299,998
pursuant to the Offering, having previously
closed tranches on
March 13
and 24, 2023 that raised an aggregate of
$1,377,798
.
Each Unit consists of one common share (each, a "
Share
") and one warrant (each, a "
Warrant
").
Each Warrant entitles the holder thereof to acquire one Share at the price of
$0.20
per Share until
April 20, 2025
. 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
August 21, 2023
.
The funds will be used to continue surface exploration including mapping and sampling in preparation
for a future drill campaign at the Company's La Virginia Gold-Silver Project located in
Mexico
. In
addition, a portion of the funds raised will be used 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
$35,622
to
Red Cloud Securities Inc.,
$27,960
to Haywood Securities Inc.,
$15,660
to Canaccord Genuity
Corp.,
$3,900
to PI Financial Corp. and
$600
to StephenAvenue Securities Inc. In total, the
Company will pay
$123,792
in finder's fees in connection with the Offering, having previously closed
tranches on
March 13
and 24, 2023 that resulted in payment of
$40,050
in finder's fees. No insiders
of the Company participated in the Offering.
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
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:
please contact 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 19:24e 20-APR-23