/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.