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Silver Viper Enters into Letter of Intent for Proposed Acquisition of Canasil Resources and Announces Appointment of New Technical Advisor
Silver Viper Enters into Letter of Intent for Proposed Acquisition of Canasil Resources a...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n \n \n \n Silver Viper Enters into Letter of Intent for Proposed Acquisition of Canasil Resources and Announces Appointment of New Technical Advisor\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 Nov. 7, 2022\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 entered into a non-binding letter of intent dated\n \n November 6, 2022\n \n (the \"\n \n LOI\n \n \") with Canasil Resources Inc. (TSXV: CLZ) (\"\n \n Canasil\n \n \") with respect to the proposed acquisition (the \"\n \n Proposed Transaction\n \n \") by the Company of all of the issued and outstanding shares of Canasil (the \"\n \n Canasil Shares\n \n \") in exchange for common shares of Silver Viper. Canasil is a Canadian mineral exploration company with a portfolio of 100% owned silver, gold, copper, zinc and lead exploration projects in Durango and Zacatecas States,\n \n Mexico\n \n , and in\n \n British Columbia\n \n .\n \n \n \n \n \n \n \n \n \n \n Steve Cope\n \n , President, CEO and a director of Silver Viper commented, \"I am very happy to announce this proposed acquisition as I believe that the strength of the new vehicle will be beneficial to shareholders of both companies. The portfolio of assets in Canasil is impressive and I believe that including them with our flagship La Virginia project adds a lot of value to Silver Viper. This will be achieved by conducting our own exploration programs, optioning certain assets, creation of maiden resources or spinning out projects into a new company.  We have a lot of options on how to proceed on each project and we will look to maximize the value on all of them.\"\n \n \n \"We are very pleased to announce this business combination with Silver Viper,\" commented\n \n Michael McInnis\n \n...