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
/
VANCOUVER, BC
,
March 13, 2023
/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
March 9, 2023
(the
"
Offering
"), issuing 6,550,000 units of the Company (the "
Units
") at a price of
$0.10
per Unit for
aggregate gross proceeds of
$655,000
.
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
March 13, 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
July 14, 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.
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 will pay finder's fees of
$1,500
to Haywood Securities Inc.
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 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 18:30e 13-MAR-23