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Vizsla Announces C$4 Million Bought Deal Financing
Vizsla Announces C$4 Million Bought Deal Financing Canada NewsWire VANCOUVER, Ma...
About this update from Vizsla Silver Corp.
[{"type":"text","content":"\n\n\n\nVizsla Announces C$4 Million Bought Deal Financing\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\nCanada NewsWire\nVANCOUVER, May 27, 2020\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/\n(VZLA:TSX-V)\n VANCOUVER, May 27, 2020 /CNW/ - Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (\"Vizsla\" or the \"Company\") announced today that it has entered into an agreement with Canaccord Genuity Corp. (the \"Underwriter\"), pursuant to which the Underwriter will purchase, on a bought deal basis, 9,350,000 common shares (the \"Common Shares\") of the Company at a price of C$0.43 per Common Share (the \"Offering Price\") for aggregate gross proceeds to the Company of C$4,020,500 (the \"Offering\").\nThe Company has agreed to grant the Underwriter an over-allotment option to purchase up to an additional 1,402,500 Common Shares at the Offering Price, exercisable, in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional C$603,075 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$4,623,575. \nThe net proceeds from the Offering will be used to advance the Panuco project, as well as for working capital and general corporate purposes. \nThe Common Shares will be offered by way of a short-form prospectus to be filed in British Columbia, Alberta and Ontario. The Common Shares will also be sold to U.S. buyers on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises. \nThe Offering is scheduled to close on or about June 18, 2020 and is subject to certain conditions including, but not limited to, the rece...