/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES./
VANCOUVER, BC, Dec. 22,
2023 /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
$2 million private placement
announced on December 18, 2023 (the
"Offering"), issuing 5,324,000 units of the Company (the
"Units") at a price of $0.10
per Unit for aggregate gross proceeds of $532,400.
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 December 22, 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
April 23, 2024.
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 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 $15,204 to Canaccord Securities Inc.,
$8,700 to Haywood Securities Inc.,
$1,800 Leede Jones Gable.,
$1,260 to Red Cloud Securities and
$900 to BMO Nesbitt Burns Inc.
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 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.
