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VIZSLA COPPER ANNOUNCES COURT APPROVAL OF CONSOLIDATED WOODJAM ACQUISITION
VIZSLA COPPER ANNOUNCES COURT APPROVAL OF CONSOLIDATED WOODJAM ACQUISITION Cana...
About this update from Vizsla Copper Corp
[{"type":"text","content":"\n \n \n \n VIZSLA COPPER ANNOUNCES COURT APPROVAL OF CONSOLIDATED WOODJAM ACQUISITION\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 24, 2022\n \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 that Consolidated Woodjam Copper Corp. (TSXV: WCC) (\"\n \n Woodjam\n \n \") has obtained a final order from the Supreme Court of\n \n British Columbia\n \n approving the previously announced acquisition of all of the issued and outstanding common shares of Woodjam (the \"\n \n WCC Shares\n \n \") by Vizsla Copper pursuant to a plan of arrangement (the \"\n \n Arrangement\n \n \").\n \n \n \n \n \n \n \n \n \n Woodjam is engaged in copper, gold and molybdenum exploration and development on the Woodjam project (the \"\n \n Woodjam Project\n \n \") in central\n \n British Columbia\n \n . The Woodjam Project is located near the community of Horsefly, approximately 55 kilometers east of the regional center of\n \n Williams Lake, British Columbia\n \n .\n \n \n Pursuant to the terms of the Arrangement, immediately prior to the effective time of the Arrangement, Vizsla Copper will complete a consolidation (the \"\n \n Consolidation\n \n \") of the Vizsla Copper common shares (the \"\n \n Vizsla Copper Shares\n \n \") on the basis of one post-consolidation Vizsla Copper Share for every 3.5 Vizsla Copper Shares issued and outstanding immediately prior to the Consolidation.\n \n \n Under the terms of the arrangement agreement dated\n \n September 7, 2022\n \n between Vizsla Copper and Woodjam (the \"\n \n Arrangement Agreement\n \n \"), all the issued and outstanding Woodjam Shares will be exchanged for Vizsla Copper Shares on the basis of 0.307206085 Vizsla Copper Shares for each Woodjam Share. Pursuant to the Arrangement, Vizsla Copper expects to issue an aggregate of approximately 43,417,026 Vizsla Copper Shares to Woodjam shareholders. Upon completion of the Arrangement, current WCC shareholders will own ...