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Silver Viper Closes Additional Tranche of Private Placement
Silver Viper Closes Additional Tranche of Private Placement Canada NewsWire /...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n \n \n \n Silver Viper Closes Additional Tranche of Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 24, 2023\n \n \n /CNW/ -\n \n Silver Viper Minerals Corp.\n \n (the \"\n \n Company\n \n \" or \"\n \n Silver Viper\n \n \") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce it has closed an additional tranche (the \"\n \n Additional\n \n \n Tranche\n \n \") of its non-brokered private placement (the \"\n \n Offering\n \n \"), initially announced on\n \n March 9, 2023\n \n . The Additional Tranche was comprised of 7,227,984 units of the Company (the \"\n \n Units\n \n \") issued at a price of\n \n $0.10\n \n per Unit for aggregate gross proceeds of\n \n $722,798\n \n . On\n \n March 13, 2023\n \n , the Company also announced it had closed the first tranche of the Offering, issuing 6,555,000 Units.\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share (each, a \"\n \n Share\n \n \") and one warrant (each, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to acquire one Share at the price of\n \n $0.20\n \n per Share until\n \n March 24, 2025\n \n . 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\n \n July 25, 2023\n \n .\n \n \n The funds will be used to continue surface exploration including mapping and sampling in preparation for a future drill campaign at the Company's La Virginia Gold-Silver Project located in\n \n Mexico\n \n . In addition, a portion of the funds raised will be used for working capital requirements and other general corporate purposes.\n \n \n 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 Addit...