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  • Silver Viper has closed the first tranche of its $2 million private placement
  • Under the first tranche, the company issued 1,637,000 units at $0.20 per unit for gross proceeds of $334,600
  • Net proceeds from the offering will be used for working capital requirements and other general corporate purposes
  • Silver Viper Minerals is a Canadian-based junior mineral exploration company
  • Silver Viper Minerals Corp. (VIPR) is down 3.03 per cent on the day, trading at C$0.16 per share at 11 am ET

Silver Viper Minerals Corp. (VIPR) has closed the first tranche of its $2 million private placement for gross proceeds of $334,600.

Under the first tranche, the company issued 1,637,000 units for $0.20 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional share at the price of $0.30 until December 8, 2024.

All securities issued are subject to a statutory hold period which expires on April 9, 2023.

Net proceeds from the offering will be used for working capital and other general corporate purposes.

The company expects to close the offering in January 2023.

The company has agreed to pay a finder’s fee of $12,000 to Blue Lake Advisors, $3,300 to Red Cloud Securities Inc., $1,500 to Canaccord Genuity Corp., and $840 to Haywood Securities Inc.

Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in the northwestern Mexican state of Sonora.

Silver Viper Minerals Corp. (VIPR) is down 3.03 per cent on the day, trading at C$0.16 per share at 11 am ET.


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