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Vizsla Silver Announces US$100 Million Bought Deal Financing
The offering documentation is or will be accessible through SEDAR+ and EDGAR VANCOUVER, BC, June 23, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (
About this update from Vizsla Silver Corp.
[{"type":"text","content":" The offering documentation is or will be accessible through SEDAR+ and EDGAR VANCOUVER, BC, June 23, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (\"Vizsla\" or the \"Company\") is pleased to announce that it has entered into an agreement with Canaccord Genuity as sole bookrunner, on behalf of itself and syndicate of underwriters (the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 33,334,000 common shares (the \"Common Shares\"), at a price of US$3.00 per Common Share, for gross proceeds of approximately US$100,002,000 (the \"Offering\"). The Company has granted the Underwriters an option (the \"Over-Allotment Option\"), exercisable at the offering price for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about June 26, 2025 and is subject to the Company receiving all necessary regulatory approvals. In the event that the Over Allotment Option is exercised in full, the total gross proceeds of the Offering will be US$115,002,300. The Company currently intends to use the net proceeds of the Offering to advance the exploration, drilling and development of the Company's Panuco Project, as well as for working capital and general corporate purposes as set out in the Prospectus Supplement (as defined below). The Common Shares will be offered by way of a prospectus supplement (the \"Prospectus Supplement\") in all of the provinces of Canada, other than Quebec, pursuant to the Company's base shelf prospectus dated April 28, 2025 (the \"Base Shelf Prospectus\"), and will be offered in the United States pursuant to a prospectus supplement (the \"U.S. Prospectus Supplement\") filed as part of an effective registration statement on Form F-10 (the \"Registration Statement\") filed under the Canada/U.S. multi-jurisdictional disclosure system. Before investing, prospective purchasers in Canada should read the Prospectus Supplement, the Base Shelf Prospectus, and the documents incorporated by reference therein, and prospective purchasers in the United States should read the U.S. Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement and the documents incorporated by reference therei...