VANCOUVER, Sept. 27, 2017 /CNW/ - Silver Viper Minerals Corp. (the "Company") (TSX-V: VIPR) is pleased to announce that it has successfully completed its initial public offering (the "IPO") of 12,262,500 common shares of the Company at a price of $0.25 per share for gross proceeds of $3,065,625 (the "Proceeds"), and has received approval of its application to list its common shares on the TSX Venture Exchange ("TSX-V"). The Company anticipates that its common shares will commence trading on the TSX-V on or about September 29, 2017 under the trading symbol "VIPR".
The net proceeds of the IPO will be used to fund mineral exploration work on the Company's Clemente Property, and for working capital purposes. Haywood Securities Inc. acted as agent in respect of the IPO.
Ingalls & Snyder LLC account holders participated in the IPO, purchasing an aggregate of 2,600,000 common shares. The participating account holders consisted of four different beneficial holders, each of whom beneficially own less than 10% of the issued and outstanding shares of the Company. As a result of the closing of the IPO, the Company now has 42,710,301 common shares issued and outstanding.
About the Company
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in the northwestern Mexican state of Sonora. The Company has an option to acquire a one hundred percent (100%) interest in the Clemente Silver-Gold Property, a highly prospective exploration project located within the prolific Sonora-Mojave megashear. The Company's directors and management include industry professionals with a consistent track record of identifying and advancing successful mineral exploration projects.
