- Vizsla Silver Corp. (VZLA) has announced a private placement for gross proceeds of $34,006,500
- The company will issue up to 20,610,000 common shares at a price of $1.65 per share
- Net proceeds will be used to advance the exploration, drilling and development of its Panuco Project
- Vizsla Silver is a Canadian mineral exploration and development company focused on its Panuco silver-gold project located in Sinaloa, Mexico
- Vizsla Silver Corp. opened trading at $1.76
Vizsla Silver Corp. (VZLA) has announced a private placement for gross proceeds of $34,006,500.
To this end, the company has signed an agreement with PI Financial Corp. as the sole bookrunner and lead agent on behalf of a syndicate of agents.
The company will issue up to 20,610,000 common shares at a price of $1.65 per share.
The company will grant the agents an over-allotment option.
Net proceeds from the offering will be used to advance the exploration, drilling and development of its Panuco Project and working capital.
The offering is expected to close on or around February 9, 2023.
The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán.
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.
Vizsla Silver is a Canadian mineral exploration and development company focused on advancing its flagship, 100-per-cent-owned Panuco silver-gold project located in Sinaloa, Mexico.
Vizsla Silver Corp. (VZLA) opened trading at $1.76.