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Vizsla Silver Announces Receipt of Court Approval and Expected Closing Date for Vizsla Royalties Spinout
Vizsla Silver Announces Receipt of Court Approval and Expected Closing Date for Vizsla Royalties ...
About this update from Vizsla Silver Corp.
[{"type":"text","content":"\n \n \n \n Vizsla Silver Announces Receipt of Court Approval and Expected Closing Date for Vizsla Royalties Spinout\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 NYSE: VZLA     TSX-V: VZLA\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 19, 2024\n \n \n /CNW/ -\n \n Vizsla Silver Corp.\n \n (TSXV: VZLA) (NYSE: VZLA) (\n \n Frankfurt\n \n : 0G3) (\"\n \n Vizsla Silver\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that the Supreme Court of\n \n British Columbia\n \n has issued its final order approving the plan of arrangement (the \"\n \n Arrangement\n \n \") with Vizsla Royalties Corp. (\"\n \n Spinco\n \n \").\n \n \n \n \n \n \n \n \n \n Under the Arrangement, the owners of common shares of Vizsla Silver (the \"\n \n VZLA Shares\n \n \") are entitled to receive one new VZLA Share, one-third of a common share of Spinco and one-third of a common share purchase warrant of Spinco for each VZLA Share held immediately prior to the closing of the Arrangement. Following the Arrangement, Spinco will no longer be a wholly owned subsidiary of Vizsla Silver.\n \n \n The closing of the Arrangement is expected to occur on\n \n 12:01 a.m.\n \n on\n \n June 24, 2024\n \n , being the Effective Date.\n \n \n \n About the Panuco Project\n \n \n \n The newly consolidated\n \n Panuco\n \n silver-gold project is an emerging high-grade discovery located in southern\n \n Sinaloa, Mexico\n \n , near the city of Mazatlán. The 17,856.5-hectare, past producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.\n \n \n The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.\n \n \n On\n \n January 8, 2024\n \n , the Company announced an updated mineral resource estimate for\n \n Panuco\n \n whic...