Silver Viper Closes First Tranche of Private Placement
Silver Viper Closes First Tranche of Private
Placement
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
TSX.V: VIPR, OTC: VIPRF
VANCOUVER, BC
,
June 9, 2022
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that it has closed the first tranche (the
"
First
Tranche
") of its
$3 million
private placement announced on
June 6, 2022
(the "
Offering
"),
issuing 5,566,666 units of the Company (the "
Units
") at a price of
$0.20
per Unit for aggregate
gross proceeds of
$1,113,333
.
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
June 9, 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
October 10, 2022
.
The Company intends to use the net proceeds from the Offering for working capital requirements
and other general corporate purposes. The Company anticipates closing the second and final
tranche of the Offering on or about June 23, 2022.
The Company has agreed to pay a finder's fee to certain finders in respect of those purchasers
under the Offering introduced to the Company by such finder. In connection with the closing of the
First Tranche, Silver Viper paid finder's fees of
$23,700
to Red Cloud Securities Inc.,
$16,800
to
Haywood Securities Inc.,
$6,000
to Canaccord Genuity Corp., and
$1,500
to PI Financial Corp.
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, closing of the second and final tranche 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 17:30e 09-JUN-22