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Vizsla Announces Closing of C$4.6 Million Bought Deal Financing
Vizsla Announces Closing of C$4.6 Million Bought Deal Financing Canada NewsWire ...
About this update from Vizsla Silver Corp.
[{"type":"text","content":"\n\n\n\nVizsla Announces Closing of C$4.6 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, BC, June 18, 2020\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n(VZLA-TSX-V)\n VANCOUVER, BC, June 18, 2020 /CNW/ - Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3) (\"Vizsla\" or the \"Company\") is pleased to announce that it has completed its previously announced bought deal prospectus offering of 10,752,500 common shares of the Company (the \"Common Shares\") at a price of C$0.43 per Common Share for aggregate gross proceeds of C$4,623,575, which includes the exercise in full of the underwriter's over-allotment option for 1,402,500 Common Shares (the \"Offering\"). \n\n \n \n \n \n \n \n\n \nThe Offering was conducted by Canaccord Genuity Corp., as underwriter (the \"Underwriter\"). In consideration for the services provided by the Underwriter in connection with the Offering, on closing the Company paid to the Underwriter a cash commission equal to 6% of the gross proceeds raised under the Offering and issued broker warrants of the Company to the Underwriter, exercisable at any time on or before June 18, 2022, to acquire that number of common shares of the Company which is equal to 6% of the number of Common Shares sold under the Offering at an exercise price of C$0.43.\nThe Offering was completed pursuant to a short form prospectus dated June 15, 2020 in the provinces of British Columbia, Alberta and Ontario, in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\") and applicable state securities laws and other jurisdictions outside of Canada and the United States on an exempt basis. The Offering remains subject to the final approval of the TSX Venture Exchange.\nThe Company intends to use the net proceeds of the Offering to advance the Panuco project, as well a...