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Vizsla Announces $60 Million Bought Deal Financing
Vizsla Announces $60 Million Bought Deal Financing Canada NewsWire /T...
About this update from Vizsla Silver Corp.
[{"type":"text","content":"\n \n \n \n Vizsla Announces $60 Million Bought Deal Financing\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n (VZLA:TSX-V)\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n May 26, 2021\n \n /CNW/ -\n \n Vizsla Silver Corp.\n \n (TSXV: VZLA) (OTCQB: VIZSF) (\n \n Frankfurt\n \n : 0G3) (\"\n \n Vizsla\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a \"bought deal\" basis, 24,000,000 units of the Company (the \"\n \n Units\n \n \"), at a price of\n \n $2.50\n \n per Unit (the \"\n \n Offering Price\n \n \") for gross proceeds of\n \n $60,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one common share of the Company (a \"\n \n Common Share\n \n \") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"\n \n Warrant\n \n \"). Each Warrant will entitle the holder to acquire one common share of the Company for 18 months from the closing of the Offering at a price of\n \n $3.25\n \n .\n \n \n The Company has granted the Underwriters an option, exercisable at the Offering Price for a period of 30 days following the Closing Date (as defined herein), to purchase up to an additional 15% of the number of Units sold under the Offering to cover over-allotments, if any and for market stabilization purposes. The Offering is expected to close on or about\n \n June 3, 2021\n \n (the \"\n \n Closing Date\n \n \") and is subject to the Company receiving all necessary regulatory approvals.\n \n \n The net proceeds of the Offering will be used to advance the exploration and development of\n \n Panuco\n \n , to make option payments and pursue strategic opportunities, as well as for workin...