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VIZSLA COPPER ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5.46 MILLION
VIZSLA COPPER ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5.46 MILLIO...
About this update from Vizsla Copper Corp
[{"type":"text","content":"\n \n \n \n VIZSLA COPPER ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5.46 MILLION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 19, 2024\n \n /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (\"\n \n Vizsla Copper\n \n \" or the \"\n \n Company\n \n \") is pleased to announce the closing of its previously announced marketed best efforts brokered private placement (the \"\n \n Offering\n \n \") for aggregate gross proceeds of approximately\n \n C$5,463,000\n \n . Under the Offering, the Company sold 9,379,088 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$0.11\n \n per Unit and 36,923,800 flow-through units of the Company (the \"\n \n FT Units\n \n \", and together with the Units, the \"\n \n Offered Units\n \n \") at a price of\n \n C$0.12\n \n per FT Unit.\n \n \n \n \n \n \n \n \n \n Each Unit consists of one common share of the Company (each, a \"\n \n Unit Share\n \n \") and one half of one common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each FT Unit consists of one common share of the Company to be issued as a \"flow-through share\" within the meaning of the\n \n Income Tax Act\n \n (\n \n Canada\n \n ) (each, a \"\n \n FT Share\n \n \") and one half of one Warrant. Each whole Warrant shall entitle the holder to purchase one common share of the Company (each, a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.16\n \n at any time on or before\n \n June 19\n \n , 2026.\n \n \n Chairman and CEO\n \n Craig Parry\n \n commented \"The upsizing and closing of this financing demonstrate the strong support for what we are building at Vizsla Copper. We've recently seen the copper price rise to an all-time high, reflecting the tightness of the copper market. Economists forecast that copper will be in increasingly short supply for years to come, and higher c...