VANCOUVER, BC, July 6, 2022
/CNW/ - Silver Viper Minerals Corp. (the
"Company" or "Silver Viper") (TSXV: VIPR) (OTC:
VIPRF) is pleased to announce that it has closed the final tranche
(the "Final Tranche") of its non-brokered
private placement (the "Offering"), announced on
June 6, 2022. The Final Tranche was
comprised of 1,530,000 units of the Company (the "Units")
issued at a price of $0.20 per Unit
for aggregate gross proceeds of $306,000.
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 July
6, 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 November 7, 2022.
The Company intends to use the net proceeds from the Offering
for working capital requirements and other general corporate
In connection with the closing of the Final Tranche, Silver
Viper will pay finder's fees of $11,400 to Red Cloud Securities Inc.,
$3,900 to Canaccord Genuity Corp.,
$600 to Leede Jones Gable Inc., and
$360 to Haywood Securities Inc.
Silver Viper also paid a finder's fee of $12,000 to Blue Lake Advisors in connection with
the closing of the first tranche of the Offering which closed on
June 9, 2022.
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
ON BEHALF OF THE BOARD OF DIRECTORS,
President and CEO
This news release may contain forward-looking statements,
including statements with respect to the terms 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.