Silver Viper Minerals Amends Private Placement Financing
Silver Viper Minerals Amends Private
Placement Financing
/NOT FOR DISTRIBUTION TO
UNITED STATES
NEWSWIRE SERVICES OR FOR
DISSEMINATION IN
THE UNITED STATES
/
VANCOUVER, BC
,
Dec. 18, 2023
/CNW/ -
Silver Viper Minerals Corp.
(the "
Company
" or "
Silver
Viper
") (TSXV: VIPR) (OTC: VIPRF) announced today that the Company intends to amend its non-
brokered private placement financing (the "
Amended Offering
") to raise gross proceeds of up to
approximately
$2,000,000
from the sale of up to 20,000,000 units ("
Units
") at a price of
$0.10
per
Unit, each Unit consisting of one common share of the Company (each, a "
Share
") and one warrant
(each, a "
Warrant
"). Each Warrant will entitle the holder thereof to acquire one Share from the
Company at a price of
$0.20
per Share for a period of 24 months from its date of issue.
Concurrently with the announcement of the Amended Offering, the Company is terminating its
previously announced non-brokered private placement pursuant to the Listed Issuer Financing
Exemption (the "
LIFE
") of National Instrument 45-106 -
Prospectus Exemptions
(the "
LIFE
Offering
"). In connection with the termination of the LIFE Offering, the Company is withdrawing the
offering document that it filed on
December 8, 2023
, with respect to the LIFE Offering. Purchasers
under the Amended Offering should not rely on such offering document.
The Issuer intends to use the proceeds from the Offering to make its final
US$200,000
option
payment on its La Virginia Project due in
June 2024
and for working capital and other general
corporate purposes.
The Amened Offering is anticipated to close in a series of tranches, with the first tranche on or about
December 22, 2023
, subject to the approval of the TSX Venture Exchange, receipt of any other
required regulatory approvals and other customary closing conditions.
The Units and the securities underlying the Units issuable pursuant to the Amended Offering will be
subject to a statutory hold period of four months and one day from the date of issuance of the Units
in accordance with applicable Canadian securities laws.
The Company may pay a finder's fee in respect of those purchasers under the Amended Offering
introduced to the Company by certain persons (each a "
Finder
"). Each Finder will receive a cash
payment equal to 6% of the gross proceeds received by the Company from purchasers under the
Amended Offering who were introduced to the Company by such Finder.
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 Amended Offering, the receipt of regulatory approvals for the Amended Offering and
closing of the Amended 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.sedarplus.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 19:46e 18-DEC-23