Silver Viper Announces Concurrent Private Placement
/NOT FOR DISTRIBUTION TO
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
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 "
About the Company
ON BEHALF OF THE BOARD OF DIRECTORS,
President and CEO
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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 www.sedar.com. 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.
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