Silver Viper Closes $14 Million First Tranche of Private Placement

Executive Summary

• Silver Viper Minerals Corp. closed the first tranche of its $17 million private placement, raising $14.253 million from the issuance of 17,816,250 units at $0.80 per unit.
• Each unit consists of one common share and one warrant (exercise price $1.20, 24‑month term). Proceeds will fund surface exploration at the La Virginia Gold‑Silver Project in Mexico and provide working capital.
• The company plans to close the second and final tranche in the week of December 15, 2025; finder’s fees totaling $587,850 were paid to various intermediaries.

Key Details

• Units Issued: 17,816,250 (each = 1 common share + 1 warrant)
• Price per Unit: $0.80
• Gross Proceeds: $14,253,000 (first tranche)
• Warrant Terms: Right to purchase one share at $1.20 per share; exercisable for 24 months from issuance; may be accelerated if TSX‑V price > C$1.40 for 20 consecutive trading days.
• Statutory Hold Period: Shares and warrants (including exercised shares) subject to hold until April 13, 2025.
• Use of Proceeds:
• Surface exploration (mapping & sampling) at La Virginia Gold‑Silver Project, Mexico.
• Working capital and general corporate purposes.
• Second Tranche: Expected closing week of December 15, 2025; total offering target $17 million.
• Finder’s Fees Paid:
• Research Capital Corp.: $450,600
• Haywood Securities Inc.: $103,320
• Leede Financial Inc.: $19,320
• Raymond James: $10,200
• Canaccord Genuity Corp.: $3,990
• EMD Securities: $720
• Ventum Financial Corp.: $600
• Laurentian Bank: $600
• Regulatory Note: Securities not registered under U.S. securities laws; offering limited to jurisdictions where exemptions apply.

Notable Quotes

• “The successful closing of the first tranche provides us with essential capital to advance our exploration program at La Virginia and positions us well for the upcoming drill campaign,” – Steve Cope, President & CEO.