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Silver Viper Minerals to Acquire Cimarron Gold-Copper Project
Silver Viper Minerals to Acquire Cimarron Gold-Copper Project Canada NewsWire ...
About this update from Silver Viper Minerals Corp.
[{"type":"text","content":"\n\n\n\n Silver Viper Minerals to Acquire Cimarron Gold-Copper Project\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 8, 2025\n \n\n /CNW/ -\n \n Silver Viper Minerals Corp.\n \n (\"\n \n Silver Viper\n \n \" or the \"\n \n Company\n \n \") (TSXV: VIPR) (OTC: VIPRF) has entered into an agreement with CSAC Holdings Inc. (\"CSAC\") and all of the shareholders of CSAC (collectively, the \"\n \n Vendors\n \n \") dated\n \n May 8, 2025\n \n (the \"\n \n Purchase Agreement\n \n \") to acquire the Cimarron Project in\n \n Sinaloa, Mexico\n \n , a property hosting a porphyry gold-copper system (the \"\n \n Transaction\n \n \").\n \n\n\n\n\n\n\n\n\n \"This acquisition supports our strategy to build scale through the addition of high-quality gold, silver and copper assets in\n \n Mexico\n \n ,\" said\n \n Steve Cope\n \n , President and CEO of Silver Viper. \"Cimarron has benefited from extensive historical drilling and is ready for the next stage of infill and step-out work.\"\n \n\n\n Transaction Summary\n \n\n\n Pursuant to the terms of the Purchase Agreement, Silver Viper has agreed to acquire all of the outstanding common shares of CSAC from the Vendors in exchange for 9,000,000 common shares of Silver Viper. Closing remains subject to satisfaction of a number of conditions, including but not limited to, the receipt of the requisite TSX Venture Exchange approval of the Transaction and completion of satisfactory due diligence by Silver Viper of CSAC and the Cimarron Project, as well as other conditions customary for a transaction of this nature. Closing is expected to occur as promptly as possible following satisfaction of the closing conditions set out in the Purchase Agreement.\n \n\n\n Highlights of the Cimarron Project\n \n\n\n The Cimarron Project is located on the prolific porphyry belt from\n \n Arizona\n \n to\n \n Jalisco\n \n and is situated in the well-established mining jurisdiction of\n \n Mexico\n \n . The Cimarron Project lies between Mazatlán and\n \n Rosario\n \n in\n \n Sinaloa\...