11:32 AM EDT, 03/16/2026 (MT Newswires) -- Silver Viper Minerals ( VIPRF ) on Monday said it executed a definitive share purchase agreement with Fresnillo plc and Orex Minerals ( ORMNF ) in connection with its US$15-milllion acquisition of the Coneto Silver-Gold project in Durango, Mexico.

The company said it will buy the vendors' combined interests in Coneto, 61.21% held by Fresnillo and 38.79 % held by Orex in an all-share deal. It will issue about 25.5-million shares to the vendors with a deemed price of C$0.80.

On closing, the company said Fresnillo and Silver Viper will enter into an investor rights agreement, providing customary anti-dilution rights for Fresnillo. As per TSX Venture Exchange policies, the acquisition constitutes a non-arm's length transaction due to a shared director, Steve Cope.

Shares of the company were last seen up $0.04 to $1.13 on the TSX Venture Exchange.

Price: 1.13, Change: +0.04, Percent Change: +3.67