VANCOUVER, British Columbia, June 3, 2020 (GLOBE NEWSWIRE) – Silver Viper Minerals Corp. (“Silver Viper” or the “Company”) (TSX-V: VIPR) is pleased to announce the closing of its previously announced brokered private placement for gross proceeds of C$5,121,775 (the “Offering”). The Offering was led by Eight Capital and Red Cloud Securities Inc. as co-lead agents and joint bookrunners, acting on behalf of a syndicate of agents for the Company, including Armvest Capital and Eventus Capital Corp. (collectively, the “Agents”), and consisted of subscriptions for 14,227,155 units of the Company (the “Units”) at a price of C$0.36 per Unit. Each Unit consisted of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Share at a price of C$0.50 for a period of 24 months from closing.

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