04:18 PM EST, 11/18/2025 (MT Newswires) -- Silver Viper Minerals ( VIPRF ) on Tuesday said it plans to raise up to $12 million through a non-brokered private placement of as many as 15-million share units priced at $0.80 each.

Each unit is made up of a share and two-year warrant to buy a share for $1.20. The company said it may accelerate the warrant expiry if its volume-weighted average share price exceeds $1.40 for 20 consecutive trading days.

Silver Viper said it plans to use proceeds for working capital and general corporate purposes.

The placement is expected to close on or about Dec. 10.

The company's shares closed down $0.05 to $0.96 on the TSX Venture Exchange.