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TSX.V: VIPR, OTC:VIPRF
VANCOUVER, BC, June 10, 2021 /CNW/ – Silver Viper Minerals Corp. (“Silver Viper” or the “Firm“) (TSXV: VIPR) is happy to announce that it has closed the ultimate tranche (the “Remaining Tranche“) of its non-brokered non-public placement (the “Providing“) introduced on Could 25, 2021. The Remaining Tranche was comprised of three,048,896 models of the Firm (the “Items“) at a worth of $0.47 per Unit for mixture gross proceeds of $1.43 million.
Every Unit consists of 1 widespread share (every, a “Share“) and one-half of 1 widespread share buy warrant (every entire warrant, a “Warrant“). Every Warrant entitles the holder thereof to accumulate one Share on the worth of $0.65 per Share for a interval of 24 months from as we speak’s date. The Shares and the Warrants comprising the Items and any Shares issued upon the train of the Warrants are topic to a statutory maintain interval which expires on October 11, 2021.
Mixture gross proceeds underneath the Providing have been $6 million. Silver Viper intends to make use of the online proceeds from the Providing for working capital necessities and different normal company functions.
The Firm has agreed to pay a finder’s charge to sure finders in respect of these purchasers underneath the Providing launched to the Firm by such finder. In reference to the closing of the Providing, Silver Viper can pay finder’s charges of $42,300 to Blue Lake Advisors, $11,939 to Amvest Capital (performing by way of 4 Factors Capital Companions, LLC), $6,135 to Crimson Cloud Securities Inc., $2,820 to Echelon Wealth Companions, $902 to Canaccord Genuity Corp. and $705 to Haywood Securities Inc.
The securities described herein haven’t been, and won’t be, registered underneath america Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities legal guidelines, and accordingly, is probably not provided or bought inside america besides in compliance with the registration necessities of the U.S. Securities Act and relevant state securities necessities or pursuant to exemptions therefrom. This press launch doesn’t represent a proposal to promote or a solicitation to purchase any securities in any jurisdiction.
The Firm additionally broadcasts that it has granted an mixture of three,120,000 incentive inventory choices (the “Choices“) to administrators, officers, and consultants to buy as much as 3,120,000 Shares. The Choices have an train worth of $0.78 per Share, expire 5 years from the date of grant and vest instantly. Because of this grant of Choices, Silver Viper has 7,755,000 Choices excellent, representing 8.2% of the issued and excellent Shares.
In regards to the Firm
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration firm centered on valuable metals exploration within the northwestern Mexican state of Sonora. The Firm at present operates the La Virginia Gold-Silver Undertaking. Silver Viper has 100% possession of the La Virginia concessions acquired from PAAS and an possibility to accumulate a 100% curiosity within the Rubi-Esperanza group of claims inside to these concessions. The property is an early-stage exploration property, focusing on a sequence of laterally in depth intrusive dykes and breccia zones, internet hosting low-sulphidation epithermal gold-silver mineralization. Silver Viper is underneath administration supplied by Belcarra Group Administration Ltd. which is comprised of extremely certified mining professionals.
On behalf of the board of administrators,
President and CEO
Ahead Wanting Info
Info set forth on this press launch incorporates forward-looking statements. These statements mirror administration’s present estimates, beliefs, intentions and expectations; they aren’t ensures of future efficiency. The Firm cautions that every one forward-looking statements are inherently unsure and that precise efficiency could also be affected by various materials components, lots of that are past the Firm’s management. Such components embrace, amongst different issues: dangers and uncertainties referring to exploration and growth, the flexibility of the Firm to acquire extra financing, the necessity to adjust to environmental and governmental laws, fluctuations within the costs of commodities, working hazards and dangers, competitors and different dangers and uncertainties, together with these described within the Firm’s monetary statements accessible on www.sedar.com. Accordingly, precise and future occasions, circumstances and outcomes might differ materially from the estimates, beliefs, intentions and expectations expressed or implied within the forward-looking info. Besides as required underneath relevant securities laws, the Firm undertakes no obligation to publicly replace or revise forward-looking info.
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.
For additional info: Silver Viper Minerals Corp. at 604-687-8566, e mail [email protected] or go to our web site at www.silverviperminerals.com