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Silver Viper Closes $14 Million First Tranche of Private Placement
Silver Viper Closes $14 Million First Tranche of Private Placement Canada NewsWire ...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n\n\nSilver Viper Closes $14 Million First Tranche of Private Placement\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\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nVANCOUVER, BC, Dec. 12, 2025 /CNW/ - Silver Viper Minerals Corp. (TSXV: VIPR) (OTCQB: VIPRF) (\"Silver Viper\" or the \"Company\") is pleased to announce that it has closed the first tranche (the \"First Tranche\") of its $17 million private placement announced on November 18 and increased on November 21 and November 24, 2025 (the \"Offering\"), issuing 17,816,250 units of the Company (the \"Units\") at a price of $0.80 per Unit for aggregate gross proceeds of $14,253,000.\n\n\n\n\n\n\n\nEach Unit consisted of one common share of the Company (each, a \"Share\") and one warrant (each, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Share from the Company at a price of $1.20 per Share for a period of 24 months from the date of issue. 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 April 13, 2025. The expiry date of the Warrants may be accelerated by the Company at any time following closing and prior to the expiry date of the Warrants if the volume-weighted average trading price of the Company's common shares is greater than C$1.40 for any 20 consecutive trading days (an \"Acceleration Event\"). Following the occurrence of an Acceleration Event, the Company may accelerate the expiry date of the Warrants by issuing a press release announcing the acceleration of the expiry date of the Warrants, following which the Warrants will expire on a date not less than the 20th calendar day after the date of such press release.\nThe 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 Mexico. In addition, a portion of...