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Vizsla Silver Announces Closing of Approximately C$45 Million Financing
VANCOUVER, BC, Feb. 9, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (FSE: 0G3) ("Vizsla Silver" or the "Company") is pleased to announce that it h
About this update from Vizsla Silver Corp.
[{"type":"text","content":" VANCOUVER, BC, Feb. 9, 2023 /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (NYSE: VZLA) (FSE: 0G3) (\"Vizsla Silver\" or the \"Company\") is pleased to announce that it has completed its previously announced private placement (the \"Offering\"), led by PI Financial Corp. on behalf of a syndicate of agents that included Canaccord Genuity Corp., Raymond James Ltd., Stifel Nicolaus Canada Inc., Roth Canada Inc. and Alliance Global Partners (collectively, the \"Agents\"). Pursuant to the Offering, the Company issued 27,286,050 common shares (the \"Shares\" or the \"Common Shares\") at a price of $1.65 (the \"Issue Price\"), for gross proceeds of $45,021,982.50. The Company paid a cash commission equal to 6% of the gross proceeds of the Offering and issued 1,637,163 compensation options (the \"Compensation Options\") to the Agents. Each Compensation Option is exercisable to acquire one Common Share at the Issue Price until February 9, 2025. The net proceeds from the Offering will be used to advance the exploration, drilling and development of the Company's Panuco Project, as well as for working capital and general corporate purposes. All securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the date of issuance. Completion of the Offering is subject to the final approval of the TSX Venture Exchange. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About the Panuco Project The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 6,761-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits. The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous vol...