The Prospector News

Silver Viper Closes $3.5 Million Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Silver Viper Closes $3.5 Million Private Placement

 

 

 

 

 

Silver Viper Minerals Corp.  (TSX-V: VIPR) (OTC: VIPRF) is pleased to announce that it has closed its $3.5 million non-brokered private placement announced on June 3, 2025, issuing 23,332,792 units of the Company at a price of $0.15 per Unit for aggregate gross proceeds of $3,490,619.

 

Each Unit consisted of one common share of the Company and one half of one warrant. Each Warrant entitles the holder thereof to acquire one Share from the Company at a price of $0.35 per Share for a period of 24 months from the date of issue. All Units issued in connection with the Offering bears a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing of the transaction.

 

The Issuer intends to use the proceeds from the Offering for drilling and other exploration activities at La Virginia and for working capital and other general corporate purposes.

 

As consideration for their services in connection with the Offering, the Finders received a total cash commission of $4,200 and were issued 72,000 Finder’s Units of the Company. The Finder’s Units have the same terms as the Units issued to subscribers in the Offering and bears a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing.

 

Insiders of the Company subscribed for a total of 200,000 Units. Participation by the insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the Private Placement by insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

 

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 Silver Viper Minerals

Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and acquired the Cimarron Project in Sinaloa, Mexico in June 2025.

 

Posted June 27, 2025

Share this news article

MORE or "UNCATEGORIZED"


Falco Resources Announces Updated Feasibility Study for Horne 5 Project, Delivering After-Tax NPV5% C$3.35 Billion, IRR of 28.2% and Cash Flow of C$6.4 Billion at Base Case Gold Price of US$3,600/Oz

Falco Resources Ltd. (TSX-V:FPC) is pleased to announce the resul... READ MORE

June 17, 2026

TDG Announces Positive Results from Ongoing Metallurgical Test Work - Conventional Processing Achieves >90% Gold and Silver Recoveries At Shasta, Toodoggone District

TDG Gold Corp. (TSX-V: TDG) (OTCQX: TDGGF) is pleased to provide ... READ MORE

June 17, 2026

Talamore announces initial high grade-drill results from Supremo Extension in its 40,000-metre 2026 drill program at Coffee Gold

Extension drilling extended mineralization beyond the current pit... READ MORE

June 17, 2026

Abcourt intersects 170.9 g/t Au over 0.8 m at Sleeping Giant

Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) continues its work... READ MORE

June 17, 2026

Premier American Uranium Expands and Further Defines Uranium Mineralization at Kaycee Project, Wyoming with Initial 2026 Drill Results

Premier American Uranium Inc. (TSX-V: PUR) (OTCQB: PAUIF) is plea... READ MORE

June 17, 2026

Copyright 2026 The Prospector News