Silver Viper Closes Final Tranche of Private Placement

Executive Summary

• Silver Viper Minerals Corp. closed the final tranche of its non‑brokered private placement, issuing 3,433,750 units at $0.80 per unit for gross proceeds of $2,747,000.
• The total capital raised to date from the offering now equals $17 million, which will fund surface exploration at the La Virginia Gold‑Silver Project and provide working capital/general corporate purposes.
• Each unit consists of one common share and one warrant (exercise price $1.20, 24‑month term); finder's fees of $594,150 were paid in connection with the offering.

Key Details

• Units Issued – Final Tranche: 3,433,750 units @ $0.80 per unit → $2,747,000 gross proceeds.
• Cumulative Proceeds: Total raised to date from the private placement = $17,000,000 (first tranche $14,253,000; final tranche $2,747,000).
• Unit Composition: 1 common share + 1 warrant per unit.
• Warrant Terms: Exercise price $1.20 per share; exercisable for 24 months from issue date. Acceleration possible if VWAP > C$1.40 for 20 consecutive trading days.
• Statutory Hold Period: Shares and warrants subject to hold until April 20, 2026.
• Use of Proceeds:
• Continue surface exploration (mapping & sampling) at La Virginia Gold‑Silver Project, Mexico.
• Working capital requirements and other general corporate purposes.
• Finder’s Fees Paid: $3,000 to Research Capital Corp., $1,800 to Ventum Financial Corp.; total finder's fees for the offering $594,150 (including prior tranche fees of $589,350).
• Insider Participation: Insiders subscribed for 250,000 units; transaction qualifies as a related‑party transaction under MI 61‑101 but remains below the 25 % market‑cap threshold.
• Coneto Silver‑Gold Project Update: Ongoing effort to acquire 100 % of the Coneto project from Fresnillo plc and Orex Minerals Inc.; acquisition pending definitive agreements and TSXV regulatory approvals.

Notable Quotes

• “The funds will be used to continue surface exploration including mapping and sampling in preparation for a future drill campaign at our La Virginia Gold‑Silver Project,” – Steve Cope, President & CEO.