/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, March 9,
2023 /CNW/ - Silver Viper Minerals
Corp. (the "Company" or "Silver Viper")
(TSXV: VIPR) (OTC: VIPRF) is pleased to announce that the Company
intends to undertake a non-brokered private placement financing
(the "Offering") to raise gross proceeds of up to
$3,000,000 from the sale of up to
30,000,000 units ("Units") at a price of $0.10 per Unit, each Unit consisting of one
common share of the Company (each, a "Share") and one
warrant (each, a "Warrant"). Each Warrant will entitle the
holder thereof to acquire one Share from the Company at a price of
$0.20 per Share for a period of 24
months from their date of issue.
The Company intends to use the net proceeds from the Offering
for working capital requirements and other general corporate
purposes.
The Offering is anticipated to close in a series of tranches,
with the first tranche on or about March 13,
2023. The closing of the Offering is subject to certain
conditions, including the approval of the TSX Venture Exchange and
certain other conditions customary for a private placement of this
nature. All securities issued pursuant to the Offering will be
subject to a statutory four month and one day hold period from
their respective date of issue.
The Company may pay a finder's fee in respect of those
purchasers under the Offering introduced to the Company by certain
persons (each a "Finder"). Each Finder will receive a cash
payment equal to 6% of the gross proceeds received by the Company
from purchasers under the Offering who were introduced to the
Company by such Finder.
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, the
receipt of regulatory approvals for 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.