(Source: Vizsla Silver Corp.)
  • Vizsla Silver (VZLA) has announced a bought deal private placement for gross proceeds of $20,010,000
  • The company will issue 13,800,000 units at $1.45 per unit
  • The net proceeds will be used to advance the exploration and development of the Panuco silver-gold project in Sinaloa, Mexico
  • Vizsla Silver is a Canadian mineral exploration and development company
  • Vizsla Silver Corp. (VZLA) opened trading at C$1.58

Vizsla Silver (VZLA) has announced a bought deal private placement for gross proceeds of $20,010,000.

The underwriters, including PI Financial Corp. as co-lead underwriter and Canaccord Genuity Corp. as co-lead underwriter and joint bookrunner, have agreed to purchase, on a bought deal basis, 13,800,000 units of Vizsla Silver at $1.45 per unit. 

Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable for one common share for a period of 24 months from closing at an exercise price of $2.00 per warrant share.

Warrants are subject to an acceleration clause.

The net proceeds will be used to advance the exploration and development of Panuco, including the delivery of a resource update in the fourth quarter of 2022, as well as for working capital and general corporate purposes.

Vizsla Silver is a Canadian mineral exploration, and development company focused on advancing its flagship, Panuco silver-gold project, in Sinaloa, Mexico. To date, Vizsla Silver has completed over 210,000 metres of drilling at Panuco, leading to the discovery of several new high-grade veins.

Vizsla Silver Corp. (VZLA) opened trading at C$1.58.


More From The Market Online

Barksdale hits broad, high‑grade copper in early 2026 Sunnyside drilling

Barksdale (TSXV:BRO) is accelerating drilling and expanding targets, with plans to test deeper porphyry levels and structural extensions.

2 junior mining stocks for risk-averse investors

A deep dive into NovaRed Mining and The Metals Royalty Company, two junior mining stocks on de-risked paths to critical mineral wealth.

Gold junior funds exploration next to 11-million-ounce behemoth

Visible Gold Mines raises C$2.6M to advance its Horsefly project near IAMGOLD's 11-million-ounce Nelligan Mining Complex in Quebec.

Top institutions take stakes in Quebec junior gold miner

Junior miner TomaGold closed the first phase of a capital raise with NQIM and SIDEX, two top institutional investors in Quebec.