/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
VANCOUVER, BC, April 12,
2024 /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
non-brokered private placement financing (the "Offering")
pursuant to the Listed Issuer Financing Exemption (the
"LIFE") of National Instrument 45-106 - Prospectus
Exemptions ("NI 45-106") announced on April 4, 2024. Under the First Tranche, the
Company issued 21,131,000 units of the Company (the "Units")
at a price of $0.10 per Unit for
aggregate gross proceeds of $2,113,100.
Each Unit consists of one (1) common share of the Corporation
(each, a "Share") and one-half of one (1) common share
purchase warrant (each whole warrant, a "Warrant"). Each
Warrant will entitle the holder to purchase an additional Share
(each, a "Warrant Share") at a price of $0.15 per Share for a period of thirty-six (36)
months from its date of issue. The Warrants will be governed by the
terms and conditions set forth in the certificates representing the
Warrants.
The Offering was completed pursuant to the listed issuer
financing exemption under Part 5A of National Instrument 45-106 -
Prospectus Exemptions, accordingly, the securities issued in the
Offering are not subject to a hold period in accordance with
applicable Canadian securities laws. There is an offering document
(the " Offering Document ") related to the Offering that can
be accessed under the Company's profile at www.sedarplus.ca and on
the Company's website at: https://silverviperminerals.com.
Prospective investors should read this Offering Document before
making an investment decision.
The Company intends to use the net proceeds from the Offering
for resource expansion and exploration drilling at the La Virginia
Project as well as surface exploration including mapping and
sampling. Net proceeds from the Offering will also be used for the
final US$200,000 option payment on
its La Virginia Project due in June
2024, and for 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 $85,020 to Red Cloud Securities, $20,562 to Canaccord Securities Inc.,
$13,104 to Haywood Securities Inc.,
$5,100 to PI Financial Corp. and
$1,200 to BMO Nesbitt Burns Inc. No
insiders of Silver Viper 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 & CEO, Director
STAY CONNECTED
Follow on X (Twitter): Silver Viper Minerals | X
[twitter.com]
Follow on LinkedIn: Silver Viper Minerals | LinkedIn
Follow on Facebook: Silver Viper Minerals | Facebook
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.
