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SILVER VIPER MINERALS ANNOUNCES BINDING AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT IN DURANGO, MEXICO
SILVER VIPER MINERALS ANNOUNCES BINDING AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT IN DU...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n\n\nSILVER VIPER MINERALS ANNOUNCES BINDING AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT IN DURANGO, MEXICO\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.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\nCanada NewsWire\n\n\nAdam Cegielski added to Silver Viper Board\nVANCOUVER, BC, Oct. 28, 2025 /CNW/ - Silver Viper Minerals Corp. (\"Silver Viper\" or the \"Company\") is pleased to announce that it has entered into a binding term sheet dated October 27, 2025 with Fresnillo plc (\"Fresnillo\") and Orex Minerals Inc. (TSX-V: REX) (\"Orex\", together with Fresnillo, the \"Vendors\") to acquire 100% ownership of the Coneto Silver-Gold Project (\"Coneto\" or the \"Coneto Project\") located in Durango, Mexico (the \"Acquisition\").\n\n\n\n\n\n\n\nAcquisition Summary\nSilver Viper will acquire the Vendors' combined interests in Coneto — 61.21% held by Fresnillo and 38.79 % held by Orex — consisting of all of the outstanding shares of the corporate joint venture which currently holds the Coneto Project, through an all-share transaction. Key transaction terms are:\nValuation: The transaction values the Coneto Project at US$15 million (approximately C$21 million) (the \"Purchase Price\").Consideration: common shares of Silver Viper (the \"VIPR Shares\"), at a deemed price of C$0.80 per VIPR Share, to be issued to the Vendors as satisfaction of the Purchase Price (to be converted to Canadian dollars on the closing date of the Acquisition using the Bank of Canada USD-CAD exchange rate on such date).Post-closing ownership: Fresnillo is expected to hold approximately 17% and Orex approximately 11% of the issued and outstanding VIPR Shares on a non-diluted basis following closing.Investor Rights: On closing, Fresnillo and Silver Viper will enter into an investor rights agreement, providing customary anti-dilution rights for Fresnillo.Conditions: Completion of the Acquisition remains subject to certain customary conditions, including satisfactory due diligence by each of the parties, receipt of all requisite shareholder (if an...