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TSX.V: VIPR, OTC:VIPRF
VANCOUVER, BC, June 1, 2021 /CNW/ - Silver Viper Minerals
Corp. ("Silver Viper" or
the "Company") (TSXV: VIPR) is pleased to announce
that it has closed the first tranche (the "First Tranche")
of its $6 million private placement
announced on May 25, 2021 (the
"Offering"), issuing 9,717,061 units of the Company (the
"Units") at a price of $0.47
per Unit for aggregate gross proceeds of $4.57 million.
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 $0.65 per Share until June
1, 2023. 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 2, 2021.
The Company intends to use the net proceeds from the Offering
for working capital requirements 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 paid finder's fees of $10,575 to Haywood Securities.
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 does not
constitute an offer to sell or a solicitation to buy any securities
in any jurisdiction.
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 PAAS and an option to acquire a
100% interest in the Rubi-Esperanza group of claims internal to
those concessions. The property is an early-stage exploration
property, targeting a series of laterally extensive intrusive dykes
and breccia zones, hosting low-sulphidation epithermal gold-silver
mineralization. Silver Viper is under management provided by
Belcarra Group Management Ltd. which is comprised of highly
qualified mining professionals.
On behalf of the board of directors,
Steve Cope
President and CEO
Forward Looking Information
Information set forth in this press release contains
forward-looking statements. These statements reflect management's
current estimates, beliefs, intentions and expectations; they are
not guarantees of future performance. The Company cautions that all
forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. 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
available on www.sedar.com. Accordingly, actual and future events,
conditions and results may differ materially from the estimates,
beliefs, intentions and expectations expressed or implied in the
forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to
publicly update or revise forward-looking information.
NEITHER THE 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.