Silver Viper closes final tranche of private placement

VANCOUVER, BC, July 6, 2022 /CNW/ – Silver Viper Minerals Corp. (there “Company” Where “silver viper“) (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that it has closed the last tranche (the “Final Slice“) of its private placement without intermediary (the “Offer“), announced on June 6, 2022. The Final Tranche consisted of 1,530,000 shares of the Company (the “Units“) issued at the price of $0.20 per unit for total gross proceeds of $306,000.

Silver Viper Minerals Corp logo. (CNW Group/Silver Viper Minerals Corp.)

Each unit consists of one common share (each, a “To share“) and one-half common share purchase warrant (each whole warrant, one “To guarantee“). Each Warrant entitles its holder to acquire one Share at the price of $0.30 per share up to July 6, 2024. The Shares and Warrants comprising the Units and any Shares issued upon 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 of the Offering for working capital and other general corporate purposes.

In connection with the closing of the Final Tranche, Silver Viper will pay a finder’s fee of $11,400 to Red Cloud Securities Inc., $3,900 to Canaccord Genuity Corporation, $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 offer which closed the 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 Law“), or any state securities law, and therefore may not be offered or sold in United States except in compliance with the registration requirements of United States securities law and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer or a solicitation of an offer of securities for sale in United Statesnor 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 junior Canadian mining exploration company specializing in the exploration of precious metals in northwestern Mexico. Sonora State. The Company is currently operating the La Virginia Gold-Silver project. Silver Viper owns 100% of the La Virginia claims acquired from the newest operator, Pan American Silver Corp., and has an option to acquire a 100% interest in the Rubi-Esperanza group of claims within those claims. Silver Viper is under the management of the Belcarra Group, made up of highly qualified mining professionals.

ON BEHALF OF THE BOARD OF DIRECTORS,

Steve Cope
President and CEO

Forward-looking information

This press release may contain forward-looking statements, including statements regarding the terms of the Offer and the use of proceeds from the Offer. 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. These factors include, among others: risks and uncertainties related to exploration and development, the Company’s ability to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the price of raw materials, operational hazards and risks, competition and other risks and uncertainties, including those described in the Company’s financial statements, MD&A and/or Annual Information Form available at www.sedar.com. The risk factors identified in these 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 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.

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