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Silver Viper Closes $3.5 Million Private Placement
Silver Viper Closes $3.5 Million Private Placement Canada NewsWire /NOT FOR D...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n\n\n\n Silver Viper Closes $3.5 Million 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 June 26, 2025\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 that it has closed its\n \n $3.5 million\n \n non-brokered private placement announced on June 3, 2025 (the \"\n \n Offering\n \n \"), issuing 23,332,792 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.15\n \n per Unit for aggregate gross proceeds of\n \n $3,490,619\n \n .\n \n\n\n\n\n\n\n\n\n Each Unit consisted of one common share of the Company (each, a \"\n \n Share\n \n \") and one half of one warrant (each, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to acquire one Share from the Company at a price of\n \n $0.35\n \n 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.\n \n\n 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.\n \n\n 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 (the \"\n \n Finder's Units\n \n \") 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.\n \n\n Insiders of the Company subscribed for a total of 200,000 Units. Participation by the insiders constitutes a related par...