/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, April 20,
2023 /CNW/ - Silver Viper Minerals
Corp. (the "Company" or "Silver Viper")
(TSXV: VIPR) (OTC: VIPRF) is pleased to announce it has closed the
final tranche (the "Final Tranche") of its
non-brokered private placement (the "Offering"), announced
on March 9, 2023, and increased on
April 14, 2023. The Final Tranche was
comprised of 19,222,200 units of the Company (the "Units")
issued at a price of $0.10 per Unit
for aggregate gross proceeds of $1,922,200. In total, the Company raised
$3,299,998 pursuant to the Offering,
having previously closed tranches on March
13 and 24, 2023 that raised an aggregate of $1,377,798.
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 April 20, 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
August 21, 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.
In connection with the closing of the Final Tranche, Silver
Viper will pay finder's fees of $35,622 to Red Cloud Securities Inc.,
$27,960 to Haywood Securities Inc.,
$15,660 to Canaccord Genuity Corp.,
$3,900 to PI Financial Corp. and
$600 to StephenAvenue Securities
Inc. In total, the Company will pay $123,792 in finder's fees in connection with the
Offering, having previously closed tranches on March 13 and 24, 2023 that resulted in payment of
$40,050 in finder's fees. No insiders
of the Company participated in the Offering.
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 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.