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Cision Canada
03-06-2025
- Business
- Cision Canada
Silver Viper Announces Strategic Updates: Private Placement, New Interim CFO, and Market-Maker Appointment
VANCOUVER, BC, June 3, 2025 /CNW/ - Silver Viper Minerals Corp. (the " Company" or " Silver Viper") (TSXV: VIPR) (OTC: VIPRF) is pleased to announce that the Company intends to undertake a non-brokered private placement financing (the " Offering") to raise gross proceeds of up to $3,500,000 from the sale of up to 23,333,334 units (" Units") at a price of $0.15 per Unit, each Unit consisting of one common share of the Company (each, a " Share") and one half of one warrant (each, a " Warrant"). Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of $0.35 per Share for a period of 24 months from their date of issue. The Issuer intends to use the proceeds from the Offering for drilling and other exploration activities at La Virginia and for working capital and other general corporate purposes. The Offering is anticipated to close in a series of tranches, with the first tranche on or about June 16, 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 Units issued in connection with the Offering will bear a legend indicating that they are subject to a trading restriction for a period of 12 months following the closing of the transaction. In connection with the Offering, certain individuals (each, a " Finder" and collectively, the " Finders") will be entitled to receive either: (i) a cash commission of up to 6.0% of the aggregate gross proceeds raised under the Offering from subscribers introduced to the Corporation by the Finder; or (ii) a number of units (the " Finder's Units") equal to up to 6.0% of the Units issued to such subscribers. The Finder's Units will have the same terms as the Units offered to subscribers under this Agreement. 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. Change in Management The Company also announces that Carla Hartzenberg, Chief Financial Officer (" CFO"), has resigned from her position, and the company has initiated a search for a permanent replacement. In the interim, Steve Cope, Chief Executive Officer (" CEO"), will assume the responsibilities of the CFO on a temporary basis until a successor is appointed. "We thank Ms. Hartzenberg for her contributions and wish her well in their future endeavors," said Steve Cope. Market-Maker Engagement The Company has engaged the services of ICP Securities Inc. (" ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Pursuant to the market-making agreement dated May 12, 2025 (the " Agreement") entered into between the Company and ICP, in exchange for providing the Services, ICP will receive a fee of C$7,500 plus applicable taxes per month, payable monthly in advance. The Agreement is for an initial term of four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each subsequent one-month term called an " Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. ICP does not have any interest, directly or indirectly, in Silver Viper or its securities or any right or intent to acquire such an interest at this time; however, ICP and its clients may acquire an interest in the securities of the Company in the future. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the market-making engagement. ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities. ICP Securities Inc. ICP Securities Inc. is a Toronto-based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium TM, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors. About the Company Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and in May 2025 entered into a definitive agreement to acquire the Cimarron Project in Sinaloa, Mexico. ON BEHALF OF THE BOARD OF DIRECTORS, Steve Cope President and CEO Follow us on social media: X: @SilverViperCorp LinkedIn: Silver Viper Minerals Corp. Facebook: Silver Viper Minerals YouTube: @SilverViperMinerals Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information This news release may contain forward-looking statements, including statements with respect to the terms of the Offering, the receipt of regulatory approvals for the Offering, closing of the Offering and use of proceeds of the Offering. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Such factors include, among other things: risks and uncertainties relating to exploration and development, the ability of the Company to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in the Company's financial statements, management discussion and analysis and/or annual information form available on The risk factors identified in such documents are not intended to represent a complete list of factors that could affect the Company. Actual results may differ materially from those currently anticipated in such statements and the Company undertakes no obligation to update such statements, except as required by law.
Yahoo
09-05-2025
- Business
- Yahoo
Silver Viper Minerals to acquire Cimarron gold-copper project in Mexico
Canadian junior exploration company Silver Viper Minerals has signed an agreement with CSAC Holdings and its shareholders, collectively the vendors, to acquire the Cimarron project in Sinaloa, Mexico, which hosts a porphyry gold-copper system. The transaction involves Silver Viper obtaining all outstanding common shares of CSAC Holdings from the vendors in exchange for nine million common shares of Silver Viper. The Cimarron project is situated in a well-established mining jurisdiction on a prolific porphyry belt extending from Arizona to Jalisco. The property is strategically positioned between Mazatlán and Rosario in Sinaloa and is accessible via an 11km dirt road. The relatively flat terrain and the proximity of an electrical line 1km south enhance the site's accessibility. Local towns such as Rosario, a historic mining community, and Mazatlán offer skilled labour, which is advantageous for the project's development, according to the company. Silver Viper's leadership has recognised the potential for growth at the Cimarron project, particularly at the Calerita, Lobo and Huanacaxtle parts of the mineralised system. The company is considering trenching as a cost-effective method to identify additional drill targets, especially where there are soil anomalies. The closing of the transaction is subject to several conditions including approval from the TSX Venture Exchange and satisfactory due diligence of CSAC and the Cimarron project. Silver Viper president and CEO Steve Cope said: 'This acquisition supports our strategy to build scale through the addition of high-quality gold, silver and copper assets in Mexico. 'Cimarron has benefitted from extensive historical drilling and is ready for the next stage of infill and step-out work.' "Silver Viper Minerals to acquire Cimarron gold-copper project in Mexico" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Cision Canada
08-05-2025
- Business
- Cision Canada
Silver Viper Minerals to Acquire Cimarron Gold-Copper Project
VANCOUVER, BC, May 8, 2025 /CNW/ - Silver Viper Minerals Corp. (" Silver Viper" or the " Company") (TSXV: VIPR) (OTC: VIPRF) has entered into an agreement with CSAC Holdings Inc. ("CSAC") and all of the shareholders of CSAC (collectively, the " Vendors") dated May 8, 2025 (the " Purchase Agreement") to acquire the Cimarron Project in Sinaloa, Mexico, a property hosting a porphyry gold-copper system (the " Transaction"). "This acquisition supports our strategy to build scale through the addition of high-quality gold, silver and copper assets in Mexico," said Steve Cope, 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." Transaction Summary 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. Highlights of the Cimarron Project The Cimarron Project is located on the prolific porphyry belt from Arizona to Jalisco and is situated in the well-established mining jurisdiction of Mexico. The Cimarron Project lies between Mazatlán and Rosario in Sinaloa and is accessible via an 11-kilometre dirt road from a nearby paved road. The area is relatively flat, with low topographic contrast, supporting ease of access. An electrical line passes one kilometre south of the property. The nearby towns of Rosario—a historic mining community—and Mazatlán provide access to skilled local labour. Having considered some of the historical exploration undertaken on the Cimarron Project, Silver Viper believes that the Cimarron Project has potential for growth by focusing on three parts of the mineralized system, being Calerita, Lobo and Huanacaxtle. Most target areas of the Cimarron Project remain underexplored, and Silver Viper believes that trenching may offer an efficient, low-cost approach to generate additional drill targets, particularly in areas of soil anomalies. Further updates will be provided on activities to be undertaken at the Cimarron Project by Silver Viper following closing of the Transaction. Qualified Person The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Ben Whiting, a Qualified Persons as defined in NI 43-101. About the Company Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and in May 2025 entered into a definitive agreement to acquire the Cimarron Project in Sinaloa, Mexico. ON BEHALF OF THE BOARD OF DIRECTORS, Steve Cope President and CEO Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking and include, without limitation, any statements respecting the Transaction, including closing thereof, receipt of TSX Venture Exchange approval of the Transaction and future plans for the Cimarron Project. Although Silver Viper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. SOURCE Silver Viper Minerals Corp.
