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Vizsla Silver Obtains Shareholder and Court Approval of Spin-Out of Copper Exploration Assets and Closes the C$4 Million Non-Brokered Private Placement
Vizsla Silver Obtains Shareholder and Court Approval of Spin-Out of Copper Exploration As...
About this update from Vizsla Silver Corp.
[{"type":"text","content":"\n \n \n \n Vizsla Silver Obtains Shareholder and Court Approval of Spin-Out of Copper Exploration Assets and Closes the C$4 Million Non-Brokered Private Placement\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n (VZLA-TSX-V)\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 21, 2021\n \n /CNW/ - Vizsla Silver Corp. (TSXV: VZLA) (OTCQB: VIZSF) (\n \n Frankfurt\n \n : 0G3) (\"\n \n Vizsla Silver\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that at its special meeting of shareholders held\n \n June 15, 2021\n \n , all of the resolutions were duly passed, including the special resolution to approve the proposal plan of arrangement (the \"\n \n Arrangement\n \n \") pursuant to which Vizsla Silver will spin-out its\n \n British Columbia\n \n copper exploration assets to Vizsla Copper Corp. (\"\n \n Vizsla Copper\n \n \" or \"\n \n SpinCo\n \n \"). Also, today the Supreme Court of\n \n British Columbia\n \n approved the Arrangement under the terms of the\n \n Business Corporations Act\n \n (\n \n British Columbia\n \n ).\n \n \n \n \n \n \n \n \n \n Common shares of Vizsla Copper (the \"\n \n SpinCo Shares\n \n \") will be distributed to shareholders of Vizsla Silver (the \"\n \n Shareholders\n \n \") on the basis of one Vizsla Copper share for every three common shares of Vizsla Silver. The Arrangement will not result in any change to a shareholder's ownership of Vizsla Silver. The majority of shareholders (those who hold their shares through their broker) will receive their SpinCo Shares with no further action.\n \n \n Once the Arrangement becomes effective, Shareholders will own shares in both public companies: (i) Vizsla Copper, which will focus on the ...