Silver Viper Minerals Corp. announced a non-brokered private placement of 30,000,000 units at an issue price of CAD 0.1 per unit for the gross proceeds of CAD 3,000,000 on March 9, 2023. Each unit consisting of one common share and one common share purchase warrant.

Each Warrant will entitle the holder thereof to acquire one Share from the Company at a price of CAD 0.2 per Share for a period of 24 months from their date of issue. The transaction is anticipated to close in a series of tranches, with the first tranche on or about March 13, 2023. The closing of the transaction 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 transaction 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 transaction introduced to the Company by certain persons. Each Finder will receive a cash payment equal to 6% of the gross proceeds received by the Company from purchasers under the transaction who were introduced to the Company by such Finder.