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VIZSLA COPPER PROVIDES UPDATE ON EFFECTIVE DATE OF CONSOLIDATED WOODJAM ACQUISITION
VIZSLA COPPER PROVIDES UPDATE ON EFFECTIVE DATE OF CONSOLIDATED WOODJAM ACQUISITION Can...
About this update from Vizsla Copper Corp
[{"type":"text","content":"\n \n \n \n VIZSLA COPPER PROVIDES UPDATE ON EFFECTIVE DATE 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 Dec. 8, 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 both Vizsla Copper and Consolidated Woodjam Copper Corp. (TSXV: WCC) (\"\n \n WCC\n \n \") have obtained final approval from the TSX Venture Exchange (the \"\n \n TSXV\n \n \") regarding the previously announced acquisition of all of the issued and outstanding common shares of WCC (the \"\n \n WCC Shares\n \n \") by Vizsla Copper pursuant to a plan of arrangement (the \"\n \n Arrangement\n \n \"). The Arrangement is expected to be completed on or about\n \n December 13, 2022\n \n .\n \n \n \n \n \n \n \n \n \n WCC 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 WCC (the \"\n \n Arrangement Agreement\n \n \"), all of the issued and outstanding WCC Shares will be exchanged for Vizsla Copper Shares on the basis of 0.307206085 Vizsla Copper Shares for each WCC Share. Pursuant to the Arrangement, Vizsla Copper expects to issue an aggregate of approximately 43,417,026 Vizsla Co...