Monday, June 23, 2025

Latest

Vizsla Silver Shareholders Approve Spinout Of Royalty Asset

Vizsla Silver (TSXV: VZLA) has seen shareholders approve the spinout of Vizsla Royalties Corp from the company at a special meeting of shareholders.

The principal asset of the royalties company will be a 2% net smelt returns royalty on Vizsla’s Panuco project in Mexico after it exercises a buyback right on the asset. The firm will be funded via a $3.5 million loan from Vizsla Silver, as well as a private placement that is expected to raise proceeds of $3.0 million.

Shareholders of record as of the close of business on June 21, 2024, will receive securities in Vizsla Royalties, with shareholders to receive one share and one warrant of Vizsla Royalties for every three shares of Vizsla Silver they hold.

READ: Vizsla Silver Acquires New Project In Mexico Adjacent To Panuco

Each full warrant contains an exercise price of $0.05 and is valid for a period of 120 days after the listing of Vizsla Royalties on the TSX Venture, or until December 31, 2025, whichever is earlier.

Vizsla shareholders are expected to hold 45% of the spinout on a post-transaction basis, with Vizsla Silver retaining the balance.

A consolidation of Vizsla Royalties shares meanwhile is expected to happen in the near term, with one new post-consolidation share to be issued for every ten pre-consolidation shares of the firm.

Vizsla Silver last traded at $2.25 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Vizsla Silver Hits 1,935 g/t Silver, 15.47 g/t Gold Over 1.46 Metres

Vizsla Silver (TSXV: VZLA) provided the latest results from drill testing its Panuco silver-gold project...

Wednesday, September 7, 2022, 09:24:40 AM

Vizsla Silver Hits 1,559 g/t Silver, 7.29 g/t Gold Over 7.8 Metres At Panuco

The results are in from the latest drill program conducted by Vizsla Silver (TSXV: VZLA)...

Thursday, March 10, 2022, 07:51:13 AM

Vizsla Silver Sees Resource Estimate Grow To 155.8 Million Ounces Of Indicated Silver Equivalent

Vizsla Silver (TSXV: VZLA) is reporting this morning a sizeable increase to its mineral resource...

Monday, January 8, 2024, 07:55:08 AM

Vizsla Silver Hits 20.45 Metres Of 780 g/t Silver, 4.23 g/t Gold

Vizsla Silver (TSXV: VZLA) has continued to see success from continued exploration at its Panuco...

Tuesday, June 21, 2022, 11:46:19 AM

Vizsla Silver Lists On The New York Stock Exchange

Vizsla Silver Corp (TSXV: VZLA) is headed to the big board. The US big boards...

Wednesday, January 19, 2022, 07:47:39 AM