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VIZSLA COPPER ENTERS INTO AGREEMENT TO ACQUIRE 100% OF THE RAND COPPER-GOLD CLAIMS AT WOODJAM
VIZSLA COPPER ENTERS INTO AGREEMENT TO ACQUIRE 100% OF THE RAND COPPER-GOLD CLAIMS AT WOODJAM ...
About this update from Vizsla Copper Corp
[{"type":"text","content":"\n\n\n\n VIZSLA COPPER ENTERS INTO AGREEMENT TO ACQUIRE 100% OF THE RAND COPPER-GOLD CLAIMS AT WOODJAM\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 Jan. 8, 2025\n \n\n /CNW/ - Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (\n \n FRANKFURT\n \n : 97E0) (\"\n \n Vizsla Copper\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into a purchase agreement (the \"\n \n Agreement\n \n \") with Siyata Mobile Inc. (the \"\n \n Vendor\n \n \"), pursuant to which the Company has agreed to acquire (the \"\n \n Acquisition\n \n \") the Vendor's 49% joint venture interest (the \"\n \n JV Interest\n \n \") in five claims within the Company's Woodjam Project that were previously known as the Rand claims (the \"\n \n Claims\n \n \"). Upon closing, Vizsla Copper will own a 100% interest in the Claims.\n \n\n\n The Claims\n \n\n\n The Claims are wholly within the outline of the greater Woodjam Project and cover a total of 1,500 hectares (Figure 1). The geology underlying the Claims consists of till covered intrusive rocks belonging to the early Jurassic Takomkane batholith, and volcanic rocks belonging to the late Triassic Nicola Group, both of which are host to the copper-gold porphyry-related deposits within the Woodjam Project. Given the prospective geology, the Claims will continue to be a high priority for upcoming exploration programs at the Woodjam Project.\n \n\n\n Terms of the Agreement\n \n\n\n Pursuant to the Agreement, Vizsla Copper has agreed to acquire the JV Interest in exchange for\n \n $5,000\n \n and 2,000,000 common shares of the Company (the \"\n \n Consideration Shares\n \n \"). The Consideration Shares will be subject to a four-month hold period pursuant to applicable Canadian securities laws. The Vendor has agreed to voluntary resale restrictions whereby 250,000 Consideration Shares will become free trading four months after closing and an additional 250,000 Consideration Shares will become free trading every four months thereafter. The Acquisition is subje...