Silver Viper Minerals Corp. has filed a preliminary prospectus in connection with a proposed initial public offering, through Haywood Securities Inc. on a commercially reasonable efforts basis, of a minimum of 24,000,000 common shares and a maximum of 40,000,000 common shares at a price of $0.25 per share for gross proceeds of a minimum of $6,000,000 and a maximum of $10,000,000.
Silver Viper Minerals has applied to list its shares on the TSX Venture Exchange.
Ingalls & Snyder, LLC, a New York based asset manager for private clients and institutional investors, is the largest shareholder, currently holding 13% of outstanding shares.
Northwest Law Group and Miller Thomson LLP act as legal counsel to Silver Viper minerals and the agent respectively.
Incorporated in April 2016, Silver Viper Minerals Corp. is focused on the acquisition and exploration of its mineral property located in Sonora, Mexico, the Clemente Silver Property. The company currently has an option to acquire from Riverside Resources Inc. (OTCPK: RVSDF; FSE: R99) a one hundred percent undivided interest in the Clemente Property situated approximately 52 km south of the city of Caborca in the Caborca-Trincheras region of Mexico.
photo credit: Riverside Resources
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