Silver Viper Minerals Corp. (TSXV: VIPR) (OTCQB: VIPRF) announced that the Company intends to undertake a non-brokered private placement financing (the “Offering”) to raise gross proceeds of up to $12,000,000 from the sale of up to 15,000,000 units (“Units”) at a price of $0.80 per Unit, each Unit consisting of one common share of the Company (each, a “Share”) and one warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $1.20 per Share for a period of 24 months from their date of issue.
The expiry date of the Warrants may be accelerated by the Company at any time following the Closing Date and prior to the expiry date of the Warrants if the volume-weighted average trading price of the Company’s common shares is greater than C$1.40 for any 20 consecutive trading days (an “Acceleration Event”). Following an occurrence of an Acceleration Event, the Company may accelerate the expiry date of the Warrants by issuing a press release announcing the acceleration of the expiry date of the Warrants, following which the Warrants will expire on a date not less than the 20th calendar day after the date of such press release.
The Company intends to use the net proceeds from the Offering for working capital requirements and other general corporate purposes.
The Offering is anticipated to close on or about December 10, 2025. The closing of the Offering is subject to certain conditions, including the approval of the TSX Venture Exchange and certain other conditions customary for a private placement of this nature. All securities issued pursuant to the Offering will be subject to a statutory four month and one day hold period from their respective date of issue.
The Company may pay a finder’s fee in respect of those purchasers under the Offering introduced to the Company by certain persons (each a “Finder”). Each Finder will receive a cash payment equal to 6% of the gross proceeds received by the Company from purchasers under the Offering who were introduced to the Company by such Finder.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release is not an offer or a solicitation of an offer of securities for sale in the United States, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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