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Silver Viper Minerals Announces $5 Million LIFE Private Placement
Silver Viper Minerals Announces $5 Million LIFE Private Placement Canada NewsWire ...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n \n \n \n Silver Viper Minerals Announces $5 Million LIFE 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 Nov. 30, 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 that the Company intends to undertake a non-brokered private placement financing (the \"\n \n Offering\n \n \") pursuant to the Listed Issuer Financing Exemption (the \"\n \n LIFE\n \n \") of National Instrument 45-106 -\n \n Prospectus Exemptions\n \n (\"\n \n NI 45-106\n \n \") to raise gross proceeds of up to\n \n $5,000,000\n \n from the sale of up to 45,454,546 units (\"\n \n Units\n \n \") at a price of\n \n $0\n \n .11 per Unit. Each Unit will consist of one common share of the Company (each, a \"\n \n Share\n \n \") and one warrant (each, a \"\n \n Warrant\n \n \"), each Warrant entitling the holder thereof to acquire one Share from the Company at a price of\n \n $0.20\n \n per Share for a period of 24 months from its date of issue.\n \n \n \n \n \n \n \n \n \n The Company intends to use the minimum net proceeds of\n \n $2,000,000\n \n from the Offering for working capital requirements and other general corporate purposes which includes legal and financing fees as part of this Offering, and the final\n \n US$200,000\n \n option payment on its La Virginia Project due in 2024. Any additional net proceeds from the Offering will be used to continue surface exploration including mapping and sampling as well as a drill campaign at the La Virginia Project.\n \n \n Subject to compliance with applicable regulatory requirements, the Offering is being made to purchasers' resident in\n \n Canada\n \n , except\n \n Quebec\n \n , pursuant to the LIFE under Part 5A of NI 45-106. The securities issued under the Offering will not be...