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VIZSLA SILVER TO MAKE STRATEGIC INVESTMENT IN PRISMO METALS AND RECEIVE ROFR ON THE PALOS VERDES CONCESSION
VIZSLA SILVER TO MAKE STRATEGIC INVESTMENT IN PRISMO METALS AND RECEIVE ROFR ON THE PALOS...
About this update from Vizsla Silver Corp.
[{"type":"text","content":"\n \n \n \n VIZSLA SILVER TO MAKE STRATEGIC INVESTMENT IN PRISMO METALS AND RECEIVE ROFR ON THE PALOS VERDES CONCESSION\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 24, 2022\n \n \n /CNW/ -\n \n Vizsla Silver Corp.\n \n (TSXV: VZLA) (NYSE: VZLA) (\n \n Frankfurt\n \n : 0G3) (\"\n \n Vizsla\n \n \" or the \"\n \n Company\n \n \") is pleased to announce it has entered into non-binding letter of intent (the \"\n \n LOI\n \n \") with Prismo Metals Inc. (CSE: PRIZ) (\"\n \n Prismo\n \n \"), a company co-founded and advised by Dr.\n \n Peter Megaw\n \n . Pursuant to the LOI, the Company intends to make a strategic investment (the \"\n \n Strategic Investment\n \n \") with a right of first refusal (the \"\n \n ROFR\n \n \") to purchase the Palos Verdes project from Prismo (the \"\n \n Project\n \n \"), and 4,000,000 units of Prismo (the \"\n \n Prismo\n \n \n Units\n \n \"), for aggregate consideration of\n \n C$2,000,000\n \n .\n \n \n \n \n \n \n \n \n \n \n \"Since day one, the Vizsla team has believed that the\n \n Panuco\n \n -\n \n Copala\n \n district would become a major, well-endowed precious metals camp,\"\n \n commented\n \n Michael Konnert\n \n , President and CEO.\n \n \"Over the last couple of years, in addition to announcing our large maiden resource, Vizsla has worked to consolidate our land position and has continued to acquire both small inlier and outlier concessions in the area. We are the first company to deploy systematic, large scale, modern exploration techniques in this area because we believe that we have barely scratched the surface of potential district-scale discovery. Vizsla believes Prismo has made a meaningful discovery at Palos Verdes and the strategic investment and right of first refusal over the Palos Verdes concessions indicates our commitment to the long-term future of the Vizsla's\n \n Panuco\n \n -\n \n Copala\n \n district.\"\n \n \n \n The consideration for the Strategic Investment will consist of a cash payment of\n \n C$500,000\n \n at closing and ...